The potential for this prime location is nothing short of exciting. The 1391m2 property is so, so close to the best Takapuna has to offer, just a minute's walk to Hurstmere Rd's trendy retail and restaurant strip, and a few minutes more to the beach or the lake. This location is truly in the heart of the action. Takapuna has been identified as a metropolitan growth centre under the Proposed Auckland Unitary Plan (PAUP), and this property sits in the proposed Terraced Housing & Apartment (THAB) zone, which allows for more intensive housing development.
A 1940's era brick and tile house, with solid bones and many original fittings, sits astride two freehold sections at 3 and 3a Campbell Rd, offered for sale as one property. 3 Campbell Rd is currently in use as a medical clinic, but could be easily converted back to a house. 3a Campbell Rd is a cosy three bedroom home, currently tenanted. Both sites have ample car parking and flat back sections with prolific fruit trees. However the future potential is obvious - 1391m2 of flat freehold land, with a northwesterly aspect for optimum sun, and a wide road frontage. This is a genuinely rare opportunity to create a residential development in an amazing location, providing modern living options that cater to our growing population.
A recent surveyor's report indicates that current 6C zoning allows for the creation of three freehold sites, with minimum area of 450m2, or a five-unit site under comprehensive development rules. Proposed THAB zoning would allow for an apartment style development of at least four stories. (A copy of this report is available to registered buyers, however all parties are advised to complete their own due diligence.)
In simple terms - there are great development options now and even better ones likely in the future. How long you wait, and what you do is up to you, but this is certainly a developer's dream - or a land bank that future generations will thank you for. Medical office has been operating since 1970's so has existing use rights (resource consent not required to continue this use).
Further information: 3 Campbell Rd land area 708m² more or less, CV$850,000 (2011). 3a Campbell Rd land area 683 m² more or less, CV $770,000 (2011). Construction is brick with concrete tile roof, total floor area approx. 160m², built circa 1940's.