DEVELOPER'S FAST TRACK TO FINANCIAL REWARD - 2.4048 HA

Property listing ID: 815506

Bedrooms
3
Bathrooms
1
Garage
2
Carport
2
Covered parks
4
Land area
2.405ha
Price / method
Sold July 2021

MIXED HOUSING URBAN ZONING - FLEXIBLE SETTLEMENT TERMS FLEXIBLE SETTLEMENT TERMS AVAILABLE In a prime location, the site is zoned 'Mixed Housing Urban' in the unitary plan. An extra zoning overlay is applied to this zoning - 'Franklin 2 Sub Precinct A'. This property is a sure financial development winner, superbly located with Pukekohe town centre and the transitioning massive and visionary Wesley development as extremely desirable neighbours. The site has a general north/south orientation and is accessed off Karaka Road to the north. Importantly, no density rules apply in this zone. This means that townhouses could be developed on small sections (eg.100-200 square metres in area). However, if a plan is developed for the site solely for vacant lot subdivision (i.e. no building designs are integrated into the subdivision proposal), then the vacant sections must be at least 300 square metres in area. The site is generally flat, with a small gentle rise up from the road frontage to the centre of the site where an existing dwelling is located, and then a similarly gentle fall to the rear of the property. Located opposite the prestigious Pukekohe golf course and close to highly regarded schools, the property consists of 2.4048 hectares of flat land with a 66 metre road frontage and is just an eight minute drive to Pukekohe town, six minutes to the motorway on-ramp and 32 minutes away from the Auckland CBD. The attractive 130 square metre weatherboard home with ornate trimmings and romantic bay windows, is comprised of an open plan kitchen, dining and family living area, family bathroom, laundry and three bedrooms and would attract a respectable rental income. Conversely it could be relocated if desired. There is also a freestanding double garage. With flexible settlement terms on offer, we would strenuously urge developers, investors and land bankers to contact us for the LIM pack and inspect this excellent financial growth opportunity at their very earliest convenience. This is an opportunity not to be missed!

Listed by Barfoot & Thompson , Lawrence Yuan (Mission Bay)