Land Bank - Development Opportunity

This is your golden opportunity to own a substantial slice of tightly held Havelock North. The total land opportunity is set upon 20,270m2 (2.027ha) with the current zoning being, Rural.
The vendors invite offers for all or part of the site.

• Part Site Option:
The vendors have an interest in staying on as a tenant within the retail area only. The glasshouse area is to be sold. (See Demarcated view aerial map). This would enable a common access/egress and car parking area of approximately 2,364m2. The development area for sale would be approximately 12,640m2 or 1.2640ha.

• Whole Site Option:
The whole site as stated above is approximately 20,270m2.
Havelock North, is experiencing rapid urban growth within the residential property market and as such is in a very strong position. Foreseeing the strong growth, the local partner councils in early 2017 adopted a revised version of the 2010 Heretaunga Plains Urban Development strategy, which looks out to 2045. The relevance of the HPUDS to the subject site is the land adjacent to the subject property. This area consisting of approximately 34ha is planned for about 500 houses. Other neighboring properties are Guthrie Park (soccer fields, day care facility) and the Romanes Drive reserve which is a world class BMX track built in 2013 and upgraded in early 2015, it is just 5 minutes bike ride from the center of Havelock North.
• Location - sort after Havelock North
• Size - 20,270m2 of part of (negotiable)
• LIM - report available upon request.
• Holding income of $90,000pa (circa)

For Sale by Tender Closing 11am Thursday the 28th February 2019

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