MAJOR GROWTH WATERFRONT DEVELOPMENT OPPORTUNITY

Property listing ID: 833560

Bedrooms
6
Bathrooms
2
Garage
6
Covered parks
6
Land area
2.638ha
Price / method
Sold August 2022 for $10,000,000

With a concept plan being prepared to show the potential subdivision, this high growth 26,360m2 waterfront property is positioned to take full advantage of its ideal location spanning both Hingaia and Towai roads - a total frontage of approximately 240 metres. Currently zoned Residential - Single House Zone as per The Auckland Unitary Plan, the prospect of substantial financial rewards now awaits the canny investor or developer. There are two houses constructed between the 1940's and 1950's on this easy build gently contoured property which is conveniently close to shops, community facilities, Hingaia Peninsula School and ACG Strathallan campus. Both comfortable homes have three bedrooms, one bathroom, double garages and a shed on the site that has been owned by our vendors for many generations. The vendor's grandparents moved to New Zealand in 1914 and since 1927 four generations have called this property home but now is the time to let someone else enjoy this address. Most of the surrounding properties in this highly desirable area have already been acquired by astute developers and investors and lucratively subdivided. Now our owners are ready to hand this asset on to the insightful buyer who will fully recognise the options available here. • Excellent financial reward prospect for investors & developers • 2.636 hectare scenic waterfront property with concept subdivision plan • 240m road frontage spanning both Hingaia & Towai roads • Easy build gently contoured scenic land. Prime growth location • 2 x 3 bedroom comfortable houses in situ + garages & shed • 1.5km Conveniently close to shops, community facilities & motorway • Near Hingaia Peninsula School & prestigious ACG Strathallan School

Listed by Barfoot & Thompson , Scott McElhinney (Pukekohe) , Sunny Anand (Papakura)