Offlined
1 Forrest Hill Road and 4 Nile Road, Milford, Auckland
Colliers is proud to offer to the market this prized North Shore development opportunity for Sale by Negotiation.
This is an excellent opportunity for investors and developers looking for upside. Perfectly positioned on the corners of Forrest Hill, Nile and Taharoto Roads in Milford/Takapuna on Auckland's North Shore is this rare high profile prime site of 5,344 sqm predominantly Mixed Use Zoned site with unbeatable development potential. Potential to develop 45 Terraced Houses.
The site is currently leased to Kings Plant Barn offering holding income of $210,000 pa net + GST with the next right of renewal on 1 April 2025. A demolition clause being available to the successful purchaser.
1 Forrest Hill Road and 4 Nile Road are located across from Westlake Girls' High School and Smales Farm commercial and retail hub, plus park and ride bus station, while being in close proximity to other key landmarks such as the North Shore Hospital, Takapuna/Milford Beaches, Wairau Valley and Takapuna CBD.
This unique offering is now seriously for sale in one of Auckland's most tightly held locations - call either of the Agents now for further information.
Features:
* 5,344 sqm prime development opportunity
* Predominantly Business - Mixed Use Zoning
* Multiple titles - being offered as one
* Holding Income of $210,000 pa net + GST
* Lease expires April 2025, but can be earlier with Demolition Clause
* Excellent North Shore location
* Close to key landmarks & motorways
* Potential for 45 x terraced houses
* Call now to discuss!
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $2,165,000 | -9.4% | 20 |
2022 | $2,390,000 | 14.9% | 22 |
2021 | $2,080,000 | 4% | 33 |
2020 | $2,000,000 | 11.4% | 37 |
2019 | $1,795,000 | -29.1% | 13 |
2018 | $2,530,000 | 20.5% | 18 |
2017 | $2,100,000 | 12.4% | 27 |
2016 | $1,867,500 | 11.3% | 20 |
2015 | $1,678,250 | 22.4% | 36 |
2014 | $1,371,000 | - | 27 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.08 km | 2 | 1 | -m2 | Year 2024 Month 05 Day 08 | $895,000 | Council approved | |
 | 0.32 km | 2 | 1 | 60m2 | Year 2024 Month 02 Day 23 | $650,000 | Council approved | |
 | 0.32 km | 2 | 1 | -m2 | Year 2024 Month 02 Day 01 | $600,000 | Council approved | |
 | 0.11 km | 4 | 3 | 164m2 | Year 2024 Month 02 Day 01 | $1,265,000 | Council approved | |
 | 0.19 km | 4 | 1 | 0m2 | Year 2023 Month 12 Day 01 | $1,344,000 | Council approved |