1 Kaponga Crescent New Lynn | Barfoot & Thompson

1 Kaponga Crescent, New Lynn

For sale by negotiation

2 Bed
1 Bath
1 Garaging

Developer's Dream - Couldn't wish for more!


Business-Metropolitan Centre zone

Packed with potential, here is undeniably a developer's dream if you are hunting for a project for development or long-term rental returns. The existing property is a 2 bedroom single level brick and tile home on an 832sqm flat parcel of land.

· Selling with resource and building consent, EPA, ready to build tomorrow.
· 3 level mixed use buildings including 8 commercials (ground floor) plus 8 two bedrooms residentials (first and second floor), with11 carparks.
· Commercial buildings can be used for both commercial or residential purposes.
· Two separate entries available for 8 commercial buildings and 8 residential buildings.
· Potential for high rental yields.

Located in the heart of New Lynn right next to ?The Warehouse' and a short stroll to Lynnmall, New Lynn transport hub and major amenities.

Key points according to the "New Lynn Urban Plan": (ref https://bit.ly/3vcUiPa)
· Extension of Kaponga Crescent and creation of a bridge over Rewarewa Stream to improve connection between Western Gateway and Merchant Quarter Precincts.
· Redevelopment of the Large Format Retail site along Rata street and south of Kaponga Crescent to mixed use development.
· The Warehouse will relocate to another site in New Lynn enabling the redevelopment of this site.
· New predominately two storey retail units will join some retained existing shops to create a mixed-use street with retail and restaurants on ground floor and office and residential above.

Property details

Location:
1 Kaponga Crescent, New Lynn
Property type:
House
Land area:
832 m²
Bedrooms:
2
Bathrooms:
1
Separate Laundry:
1
Separate Lounge:
1
Garaging:
1
Off street parking:
2
Property ID:
809006
Title(s), LIM - Land Information Memorandum

Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education

In zone schools

Nearby schools

  • Iqra School0.2 km
  • Oaklynn Special School1.2 km
  • Kelston School1.3 km
  • Kelston Girls' College1.3 km
  • Fruitvale Road School1.4 km
  • St Mary’s Catholic School (Avondale)1.4 km
  • Kelston Boys' High School1.5 km
  • Jireh Christian School1.6 km
  • Chaucer School1.6 km
  • St Leonards Road School1.7 km
{{noZoneExtraVisible ? "Hide" : ""}} 5 more schools

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