SEASIDE DEVELOPMENT OPPORTUNITY

488, Hibiscus Coast Highway, Orewa, Rodney

Price On Application

Proposed Usage
Development Site
Land Area
11901.00 m²
Description:
Property ID
1c1q50d



A stunning freehold coastal property of approximately 1.2 hectares bordered by the scenic Alice Eaves bush reserve. The site has an easy access with an overall, level contour for development and the Mixed Housing Urban Zoning allows for a wide range of uses. The recently granted Resource Consent obtained by the current owner, is for a 109 unit retirement resort development. Current gross holding income of approximately $180,000p.a. is derived from the residential units on site. With only a short stroll to magnificent Orewa beach and easy flat access to Orewa shopping centre and other village amenities, this special property enjoys a highly desirable setting in a popular seaside town yet still within easy reach of downtown Auckland. Develop now or hold for future gains.

 

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Orewa Area