Work under way at Gleniti Estate site
AUDREY MALONE AND ESTHER ASHBY-COVENTRY
The largest and flattest subdivision in Timaru for decades is under way as diggers take to the Gleniti Estate site.
Work on the Hunter Hills Drive site, linking it through to Springs Rd, started two weeks ago. The first stage of the project, including roading, will result in 31 sections out of a final 54 lots. The sections will vary in size from 700sqm to just over 1000sqm.
Developer Cliff Eggeling has owned the land since 1987 and spent the last five years working through the consent process.
Gleniti Estate marketing agent, Peter Stray of Harcourts, said it was the last large, flat area left in Timaru for residential sections and buyers had been waiting for such an opportunity.
"I am confident there will be demand for these sections," Stray said.
He was still finalising how to market the properties and expects the first 31 sections to be ready for sale later this year.
South Canterbury's Real Estate Institute New Zealand district forum leader Warwick Jones said there was no doubt in his mind that a subdivision of that size, in that area, would promote growth in the district.
"It is a prestigious area. The location will attract people from out of the area and perhaps even offshore," Jones said.
The subdivision tied in with the district's ongoing economic growth, which is well above the national average, according to Aoraki Development Business and Tourism chief executive, Wendy Smith.
She said there was increased confidence due to investment taking place in a wide range of industries, including the housing market.
"The options this creates for families provides further attraction to settle and invest in this wonderful district - a district that provides a lifestyle many only dream about," Smith said.
- The Timaru Herald