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The last development site of its kind in East Tamaki is up for sale.
487 Chapel Road, in East Tamaki Heights, is 1.215 hectares of vacant land on a prime corner site.
The current zoning is Main Residential. NAI Harcourts has also received planning advice that because the land is located strategically, there is potential for it to be Mixed Use.
NAI Harcourts sales consultant Jon Whisker says investors could investigate the possibility of road frontage retail with terraced houses located to the rear.
The land has been owned by The Church of Jesus Christ of Latter-day Saints since 1998. Mr Whisker says there were historic plans to build a chapel on the site, but the land is now surplus to requirements.
In the 16 years the church has owned the land, housing development in the area has been prolific and this sale remains the last opportunity for developers.
The surrounding area comprises well established residential housing of medium to superior quality, providing a large catchment for local businesses operating from the commercial properties nearby.
The property is particularly well located, with a full range of services and amenities, including all levels of schooling and public transport, nearby.
The Chapel Road shops, a short distance to the south, provide for local convenience needs. The Botany Town Centre Hub retail development and a bulk retail development on the northern side of Ti Rakau Drive, 1.5km to the north, provide a full range of commercial facilities, including branches of the major trading banks.
The property is offered for sale by Public Tender, closing on the 26 February 2014 at 4pm.
Mr Whisker says so far interest has been excellent, with developers recognising they are faced with one of the last opportunities of its kind in south east Auckland.