Land offered for lifestyle residential development
A new residential subdivision called Pukekura will aim to feed the high demand for property around Cambridge.
The development was on the southern side of the town, encompassed by the Oaks Stud which had been the home of legendary mare Sunline and Seachange. Sunline won $13 million in prize money during his illustrious 32-win career in the 1990s.
On offer in the new development are lifestyle block-sized sections ranging from 2500msq to 3248msq. The subdivision's street-lit asphalt drive is already in place. Services such as town water supply, gas, electricity and telecommunication cabling were installed to street boundaries.
The first release, stage one of 27 sections, had been marketed through Bayleys Cambridge. Real Estate agent Alastair Scown said offers for the first stage closed recently. There was still interest in future stages and he expected these to sell soon as well.
"These will be released in a controlled manner."
The new subdivision is to be known as Pukekura, meaning red hills. In the summer sunset, the hills become a red colour, Scown explained.
"Because of its association with champions, the streets within the subdivision will be named after the successful Group One winning horses which have graced the fields."
After purchasing the Oaks Stud in 2002, owner Dick Karreman set out to increase the land area from 81 hectares to 202ha. The acquisition process included the integration of the former Norelands Thoroughbred Stud and an adjoining dairy farm.
With new-build residential land now at a premium around Cambridge, Karreman is releasing some of this top quality land to expand the boundaries of the town, Scown said.
The new subdivision will border the existing Oaks Stud farm, which will continue to run and breed thoroughbred champions.