PRIME DEVELOPMENT LAND 1,199M2. CBD/HARBOUR VIEWS
SUBDIVIDE & DEVELOP* OR RENOVATE & LAND-BANK.
A UNIQUE land holding held in the same family since the early 1950’s.
Imagine unlocking the vast potential of over one-quarter acre of prime land located on the ever popular Northcote ridgeline where valuable properties are secured & seldom released.
A 180 degree panorama offering totally unobstructed views of the CBD & inner Waitemata Habour from Bayswater to the Waitakere Ranges.
Hand-crafted & built to last, this comfortable family home enjoys relaxed living on single level, the 3 generous brms featuring built-in robes & cupboards, wide full-length hallway with sunlight streaming in through tall glazing & a formal lounge with sliding doors to the outdoors, open fireplace & stone wall finishes – classical of this era. Stepping inside the dining & modernized kitchen the spectacular view unfolds.
A modern day architect would relish the opportunity to retain much of the retro 50’s character, yet open up the living spaces & consider popping the roofline* to accommodate another floor…where the picture-postcard views would be breathtaking. *(subject to Council consent).
For dual families seeking to live on the same property & create a dynasty, there’s potential to subdivide the rear portion of title (say 400-450m2) to build a coastal masterpiece & still have good separation from the existing home. With the scarcity of vacant land here, this section on its own could be worth $750,000, $800,000 or more? You do the maths.
Alternatively developers hungry to secure larger sites, the Mixed Housing Suburban zone will be of interest, as vacant land & modern new-builds in this area (so close to Northcote Shopping Centre & a mere 8-10 minute drive off-peak from the City), are so valuable.
Scarcity & demand fuel future capital gains. Do not let someone else secure their legacy ahead of yours….