140 Pukekohe East Road, Pukekohe, Franklin, Auckland

FLEXIBLE SETTLEMENT TERMS AVAILABLE

After many years of being held in the same family this financial growth opportunity is for sale. This brilliant property has elevated views across Pukekohe township and a gentle to rolling contour. It has approximately 325 metres of road frontage along Pukekohe East Road and comprises a total of 39.26 Hectares split between Auckland and Waikato Council. It has a 360 square metre house along with multiple other outbuildings. Location is exceptional, with this site positioned 1.5km from Pukekohe, 50km south of Auckland City, 36km south of the Auckland International Airport and 4km from northern and southern motorway access at Bombay. There is an uncovenanted stand of picturesque native bush, allowing an array of birdlife to flourish.

The Auckland Council portion is 22.05 Hectares Zoned Future Urban while the remaining 17.21 Hectares is zoned Rural under Waikato Regional Council. The Future Urban Zone is a transitional zone applied to greenfield land that has been identified as suitable for urbanisation. Land may be used for a range of general rural activities but cannot be used for urban activities until the site is rezoned for urban purposes. The Pukekohe - Paerata structure Plan 2019 proposes this land to be rezoned to Residential - Mixed Housing Suburban. This plan is estimated to provide about 12,517 houses/dwellings and 5018 jobs with a population of about 33,809. As a comparison, this approximately doubles the existing population of Pukekohe.

Notable plan changes and developments in the area include:

* Anselmi Ridge is 700m to the west with current residential properties and further development underway.

* Kohe Development — 1.2km west of 140 Pukekohe East Road; 30 Hectares of Future Urban Land rezoned to Residential Mixed housing Urban.

* Proposed Private Land Change 98 — Borders the western boundary of 140 Pukekohe East Road and is proposed to rezone 27 hectares of Future Urban land to Mixed Housing Urban Zone.

* Golding Meadows and Auckland Trotting Club Development — 82 hectares re zoned to a combination of Business - Light Industry Zone (19.97ha), Residential - Mixed Housing Urban (62.35ha) and Neighbourhood Centre Zone.

Forward-thinking developers and investors will be quick to recognise the potential this property offers. Whether you land bank it while council rezones it or apply for a private plan change, the potential in this pre-programmed high-growth area is unmatched.

See this listing on Barfoot & Thompson