Masterton District Council has agreed to sell 30.78 hectares of land on the north-east edge of town.
The land, bordering Gordon St and Kitchener St, commonly known as the Williams Block, has been purchased by Westwood Property Group Ltd for $2.4 million.
The purchaser plans to develop the land for residential housing.
Masterton District Council Chief Executive Kath Ross says the sale of the land is a good outcome for the community and ratepayers.
“With the current shortage of housing in Masterton, this is a great opportunity to free up some land to build more homes,” Ms Ross says.
No decision has been made yet on how the money from the sale will be used, Ms Ross says.
“We have some significant projects coming up, such as the Town Centre Rejuvenation Project, so the extra money is certainly very timely, Ms Ross says.
Council has owned Williams Block since 1940, when it was gifted to the then Masterton Borough Council from the estate of Annie P Williams.
The original bequest consisted of two separate blocks of land; one being 15 hectares stretching from the golf course down to Opaki Road; and the other, a considerably larger block of land extending eastwards out to Gordon Street.
The first block was developed into houses with the streets named after native trees, such as Konini Street, Puriri Crescent, Matipo Street etc. The remaining block was planted in pine trees in the 1940’s, and subsequently felled during the 1970s. Since then, the land has been grazed and periodically used for crops.
The Council resolved in August 2018 to offer this land for sale by tender.
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