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This prestigious waterfront development site will plea to developers and investors in search of their next lucrative project. Amidst the time when amendments to the RMA are being proposed to boost housing intensity, this flat easy access parcel warrants your due diligence to research the potential long-term gains. Zoned residential mixed housing suburban for potential redevelopment subject consents, this property provides enormous opportunity to be transformed into high-end low-rise apartment development (subject to consents) for the affluent catchment and those seeking luxurious waterfront living.
Sitting on this remarkable site is currently a 22 units motel returning close to $1M (2021) providing the new owner a good holding income before turning this development site into their entrepreneurial vision.
Situated just metres from sparkling blue water and unparalleled sea views overlooking luxury yachts and passing by ferries to Auckland CBD and Waiheke Island, the property only present endless development potentials and opportunities. Desirable school zone to high decile Macleans College further intensify its appeal.
• 3,057sqm sought after waterfront site to build your dream
• Benefit to the extensive 52m beach frontage ripe for site intensification
• Good holding Income from the existing 22 units motel
• Sought after high decile East Auckland School zone
• Half Moon Bay ferry terminal and marina, Howick Golf Course all in good range
• Convenient access to Auckland CBD via ferry adds to the appeal
• East Auckland established affluent catchment
Please reach out to the project team today to arrange a site inspection or for more information.