Value Maximization in one of the fastest growing areas in Auckland - $15000000

Description

16 acre residential development site, capacity for approximately 150 apartments and 40 townhouses (as of right zoned residential). Due to a short supply of this type of accommodation in this area these apartments are in high demand. Within walking distance of the local village and newly planned Town Centre. 20 minutes to Albany Mega shopping centre and Auckland CBD. 5 minutes to the West Gate shopping centre. All sections have Harbour and Marina views. Extended settlement possible. Property Strengths * Largest parcel of land zoned and ready for subdivision in Hobsonville * Freehold interest in a quality investment property * Prime land bank in growing city West Auckland region * Located within designated growth corridor * Support from local council for development * City supported by local economic development group with aim to grow business operations. * New opportunity in tightly held location * Proximity to proposed Airport at Whenuapai * Development of transport infrastructure with the Western corridor * Interest at a Government Level for Housing infrastructure spending in the region * Growing certainty around development time frame The apartment market in the area is still in its infancy with no major schemes having been developed in the area.