Property listing ID: 498053
Development Opportunity - 1.21 ha in the Current MUL Superb investment property in the existing Hingaia Structure Plan of the former Papakura District, and within the Metropolitan Urban Limit (MUL), tagged for near-future urban development. The 352m² modern, low maintenance brick home with in ground pool presents as an excellent family home. There are also two outbuildings on the property - a separate cottage suitable for guests, as well as a large work from home office. The land lies to the rear of the property, is of flat contour and is divided into 2 paddocks. The present owners will rent the property back, giving cash flow during the holding period. Good road frontage with Concept Plan in place for roads adjacent to both sides of property, which would allow for easy development. Only a short walk to the ACG Strathallan Campus, the new Hingaia Peninsula Primary School, Bottle Top Bay, and handy to the motorway and rail links, this is a great position in a fast developing neighbourhood. Price guide low $3 million www.karakadevelopment.com
Listed by Barfoot & Thompson , Johnson Chang (Meadowbank)