Strong buyer interest as subdivison takes shape

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Progress is being made in turning a bare piece of land in East Gore into a housing subdivision, with stone entranceways and civil works under way.

The Gore District Council bought the 3.6ha block of land in East Gore in March last year, with a view to develop affordable residential sections.

Signal Management has been appointed to head the development.

There will be 38 sections for sale, ranging in size from 637sq m to 939sq m.

Gore Mayor Tracy Hicks said that since launching the subdivision, there had been a lot of interest in the sections.

The land fronts on to Wentworth and McDougall Sts and was formerly owned by United States retired dentist and developer Dr Jack Phillips.

The council bought the land for $360,000, well below its rating valuation of $397,000.

Last year, Mr Hicks said the council had been aware of the need for affordable residential sections in Gore for some time.

“There were some instances of some people wanting to move to Gore and buy a section to build a new house and they just haven’t been able to find something suitable.”

The arrival of the Mataura Valley Milk project had exacerbated a section shortage and was the main catalyst for the council’s move into property development.

He said the subdivision lay to the sun and had beautiful views, easy access to the main road and schools on its doorstep.

Signal Management project manager Stuart Anderson said civil works had started on the development and stage one was being worked on first.

There were 17 sections in stage one, Mr Anderson said.

Wilson Contracting is carrying out works such as roading and drainage. Other services, such as sewerage, electricity, footpaths, street lighting and landscaping, will also be installed.

“Stage one will be completed, as a whole, by Christmas,” Mr Anderson said.

The start of stage two would depend on how well stage one was received, he said.

First National Real Estate is marketing the subdivision.

First National co-owner Tara Maxwell said it was encouraging to see steady inquiries about the Matai Ridge subdivision and one section was under contract, awaiting title.

“Predominantly the buyer inquiry has been local but there has also been inquiry from people who are relocating back to Gore from overseas, or people moving from Auckland, Wellington [and] Canterbury for job opportunities,” Mrs Maxwell said.

“We are marketing Matai Ridge nationwide through websites including Matai Ridge’s own site, www.matairidge.nz.”

The company had also received interest from building companies and builders regarding land-and-build packages.

“With pricing ranging from $79,000 to $129,000, we have been able to cater for a range of buyers from first home to retirement age.”

Gore-based Stoneworx business owner Tim Bradley said he was building the stone entranceways.

He said the development would have spin-offs for the district’s businesses that were employed on the project.

“So that’s good.”