505 Mill Road, Takanini

Auckland, New Zealand

Single Family

4 beds 3 baths

  • Property Details

    This is an incredible opportunity for an investor, developer or someone who appreciates the future value of land. Located in the heart of fast - growing Takanini, 3.4 acres / 13711m² (more or less) of flat land is up for grabs. This mostly bare land has subdivision potential under the new Auckland Unitary Plan. Zoned as Future Urban, this is a transitional zone, which allows the land to be used for rural activities until it can be developed for urban use through the structural plan and plan change process. Some of the neighbouring properties have been granted approval by Auckland Council for Special Housing Areas (SHAs). It's no secret that Auckland is suffering from a scarcity of land, so the Auckland Council knows it's essential to have a pipeline of land. Timing for future conversion for urban use depends on infrastructure investment in the surrounding areas, so this isn't an overnight reward. There is an existing three bedroom home with extended family living on the property, but it needs more than just a bit of love. Major renovation is required to bring this back to habitable life and the vendor is selling "as is, where is". Choose to restore the house and rent it out or live in it while land banking this rare opportunity. The property is on town water supply. With vibrant Takanini Village, Bruce Pulman Park, local schools, train and bus services and motorway access close by, this is quickly becoming the place to buy in South Auckland, with the nearby Addison Park housing development incredibly popular for families and first home buyers. And with a brand new Holy Trinity Catholic Primary School planned for early next year and only 15 minutes' drive to the burgeoning Ormiston Town Centre, this location boasts exceptional amenities. Plus you will benefit from the future upgrade of Redoubt, Mill and Murphys Roads with four lanes to ease congestion and improve safety. The vendor is serious about selling so secure your future now - before someone else grabs this outstanding opportunity.
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  • Additional Property Information

    This single family listing located at 505 Mill Road, Takanini, Auckland boasts four bedrooms and three bathrooms. The property is currently selling at $1,788,400.

    This property is listed by Jack Tzeng of Barfoot & Thompson based in New Zealand.