A consented Coromandel subdivision site is primed fordevelopment, with improved Auckland connections expected to support futuregrowth.
The sizeable subdividable block for sale straddlesCoromandel town’s existing urban boundary, and the base of the CoromandelRange.
Comprising approximately 6.8689 hectares, the property iswithin easy walking distance of Coromandel’s central business district andcommunity amenities – where the town’s retailers, hospitality businesses, andaccommodation providers are anticipating the re-introduction of Explore Group’sAuckland–Coromandel ferry service.
Initially running Friday to Monday, the timetable will increasethe frequency of services from the end of November until Easter.
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The timetable reinstates the connection after a three-yearabsence. Economic activity expected to grow in and around Coromandel as aresult is forecast to have a positive effect for the town, with those in theproperty sector saying new homes need to be built to sustain that growth.
With the potential ability to eventually deliver dozens ofnew dwellings, the freehold 6.8689-hectare block in Albert Street, Coromandel,is being marketed for sale by tender through Bayleys, with the tender closingon December 9.
Salesperson Josh Smith says Coromandel’s popularity as acoastal holiday destination over the past decade has seen a noticeableproportion of the housing stock transfer from permanent owner-occupation toholiday home or short-term let.
“As a result, for many workers in Coromandel town,owner-occupier accommodation has often been hard to secure. The new residentialsubdivision land in Albert Street will certainly go quite some way toalleviating that pressure for those looking to secure a new-build home close totown,” says Smith.
Any new owner of the cul-de-sac address could quickly moveto developing the property and creating multiple building site optionsdelivering a raft of various sea, town, or bush outlooks.
Smith notes Thames-Coromandel District Council is among theleading territorial authorities in New Zealand for its support of constructionwithin its townships.
Earlier this year, the council’s delivery of a high standardof building regulatory performance was officially acknowledged through anassessment by International Accreditation New Zealand (IANZ).
The biennial audit confirmed that the council’s buildingcontrol unit continued to meet all accreditation requirements – subsequentlyretaining its ‘Extra Low Risk’ status as a building consent authority.Thames-Coromandel District is the only territorial authority in New Zealand tohold this rating.
Bayleys Coromandel director Shaun Paterson says: “The greenlights are all go for maximising the benefits from this opportunity inCoromandel township, all it needs is a developer with the vision and experienceto take this subdivision to its next stage.”
- Supplied by Bayleys
