Albert Road, Tokomaru, Palmerston North, Manawatu

Albert Road, Tokomaru, Palmerston North, Manawatu Tokomaru development opportunity - 52 ha

Located within an easy 15-minute drive from Palmerston North this bare land property offers any new owner an outstanding development opportunity with an already council approved eight section subdivision consent in place.

With the recently released National Policy Statement for Highly Productive Land 2022 creating a degree of uncertainty in regards to the further subdivision of land, this property may well represent one of the last genuine lifestyle development opportunities for some time.

The 52 hectares of bare land, which until last year was part of a dairy operation, has a flat to gentle contour, predominantly Tokomaru silt loam soils, excellent all weather central race access, well established pastures, bore water (via an easement from an adjoining property) and is subdivided by 2-3 wire electric fencing into 20 paddocks.

Recent capital development includes brand new cattle yards, significant new boundary fencing and the upgrading of pastures, with approximately a third of the property planted in maize at present.

Whist the property is currently being used to finish cattle and cropping and would be an ideal first farm or support block for any existing farming business, the already approved subdivision consent will ensure the astute buyer will see the greater opportunity that lies within this property.