DEVELOPER'S DREAM! BUSINESS-MIXED USE ZONE! OPTIONS GALORE!

Property listing ID: 797498

Bedrooms
3
Bathrooms
1
Carport
1
Covered parks
1
Land area
685m²
Price / method
Sold October 2020 for $1,500,000

• 685m2 land with 2 potential road frontages (Subject to Council Consent) - Hillsborough Rd and Orcades Pl • Suit Supermarket, healthcare facilities, retail & host of other permitted activities. • Development Potential (Subject to Council Consent) for up to 16 units (Subject to Council RC). Development height of 16 Metres • High Profile Location Close to Lynnfield Shopping Centre & Maungakiekie Golf Course. This unique property has the potential (Subject to Council Consent) for a second road frontage access from Hillsborough Road from the rear besides the existing one from Orcades Place It offers 685m2 of fairly level land with a sunny aspect. It comprises a sturdy weatherboard home with 3 large bedrooms, modern kitchen, separate dining area, combined bathroom, extra separate toilet, spacious lounge, covered large carport plus heaps of parking. There is a deck in the front of the house overlooking the yard. In zone for Halsey Drive Primary School & Lynfield College Zone. In close proximity to Lynfield Shopping Centre, Maungakiekie Golf Course, Transport facilities and Motorway. The Vendor has provided a site assessment report prepared by a reputed planner which has suggested 3 Options for intensive use of the land up to 16units. The Options are: 10 x 3 Story Walk-Up Units 12 x 3 Story Walk-Up Units 16 x 4 Story Units With Lifts The Business - Mixed Use zone provides for residential activity as well as predominantly smaller scale commercial activity that does not cumulatively affect the function, role and amenity of centres. The zone does not specifically require a mix of uses on individual sites or within areas. The zoning is reasonably permissive and anticipates the establishment of high-intensity residential and/or commercial development, with buildings up to 16m in height (4-5 storeys) plus 2m of roof room (total of 18m) permitted. The property provides for a host of permitted activities subject to Resource Consent from Council like healthcare facilities, boarding house, supermarkets up to 450m2 gross floor area, food & beverages, dwellings, retail business and many more. Please refer the activities permitted in the planner's report provided by the Vendor or Council website. This versatile property will suit developers/investors with options to capitalise it potential.

Listed by Barfoot & Thompson , Royal Oak Residential Sales (Royal Oak)