The property consists of a large 1.1440 hectare parcel of flat land situated in the heart of Parakai. Under the Auckland Unitary Plan, the site is zoned Business Neighbourhood Centre. This could be constructed of approximately 148 serviced apartments subject to Council approval.
Currently the property includes a diverse range of buildings including a restaurant/bar, wholesale liquor outlet, thermal pool complex, retail premises, cabin accommodation and some 10 to 11 self contained residential units. The property is held in three separate titles.
The property has an Auckland Regional Council water permit (No 9012) for the daily abstraction of 95 cubic meters of thermal water. There is a new bottling plant currently capable of producing approx 2000 litres per hour. Export water permit is available. There is huge upside value here with the water rights, bottling plant & the availability of extra land for further development.
Very hard to find the development opportunity in the premium location with great potential. Don't miss out! Call us today!