• 764sqm (more or less) corner site opposite North Shore Hospital
• Excellent holding income with lease flexibility
• Existing RC for 28 apartments will streamline a range of development outcomes
Positioned on a high-profile 764sqm corner site in the heart of Milford’s hospital precinct, 199-205 Shakespeare Road presents a scarce opportunity to secure one of the precinct’s remaining mixed-use development sites with significant holding income and genuine future flexibility. Returning a strong holding income from a mix of short-term and monthly tenancies, the property offers immediate cashflow while leaving the door open for a medical redevelopment, hotel conversion mixed use project, or a longer-term landbank strategy.
Of note is the existing resource consent approval for a 28 apartment development, materially reducing planning lead time and adding tangible value for developers considering an alternative future use. With Business – Mixed-Use zoning, direct exposure opposite North Shore Hospital, and a location underpinned by an affluent residential catchment, quality schooling, motorway connectivity and proximity to Milford Village and the coastline, this is a strategic North Shore landholding that will appeal equally to medical developers, long-term investors and groups seeking to secure a prominent foothold in this tightly held precinct.
