A rare opportunity presents itself to acquire the former New World Supermarket site, a substantial freehold property occupying a prominent corner position, now available after an extended period of strategic planning, feasibility studies, and resource consenting for a residential apartment conversion.
Having sat unoccupied while the current owner explored the site’s full potential, the Vendors have decided the project is surplus to their needs with their focus firmly on larger greenfield opportunities and is ready to pass over the opportunity to a visionary value added buyer.
Its flexible zoning under the district plan allows for a wide range of permitted uses, making it an ideal option for retailers, service providers, healthcare operators, educators, trade suppliers, or anyone seeking a high-impact presence in a premium location.
The building itself offers a generous internal floor area of approximately 2,309m² previously configured as a large-format supermarket and level two offices and amenities, but adaptable for new commercial or community uses. The underlying land parcel is equally impressive, totaling approximately 2,796m² of freehold land, one of the largest holdings in this seaside location.
A standout feature of the property is its extensive on-site car parking, providing ample space for customers and staff a genuine point of difference in a location where parking is often limited. The prominent corner site offers exceptional street exposure and signage opportunities, capturing high volumes of both vehicle and pedestrian traffic.
With the internal Supermarket fitout largely removed, the property is now positioned for reoccupation with minimal additional investment required. Alternatively, purchasers may wish to take advantage of the resource consent already obtained for an apartment redevelopment offering long-term development upside while land banking a strategy commercial site.
Whether you’re looking to re-establish a large-format retail footprint, create a bustling mixed-use hub, or pursue a strategic investment with redevelopment potential, this property offers the scale, location, and flexibility to deliver an exciting outcome.
Opportunities of this nature are few and far between.
The groundwork has been laid — now it’s your turn to realise the vision.
Contact us today for further information or to arrange a private inspection.
The property is offered for sale - price by negotiation.
*Boundary lines are indicative only
Features:
* Land Area: 2796 sqm
* Strong corner position
* Excellent onsite carparking
* Post EQ built building
* High replacement value of improvements
* Reposition to wellness hub, medical, supermarket etc
* Affluent location
* Resource consented for high end apartment conversion available
