• Large strategically positioned landholding
• High Density Residential Zoning
• Fringe CBD location
• 39 x two & three-bed residential units
Offered to the market for the first time, this expansive strategic Napier inner city site represents a scale for comprehensive residential development rarely available.
Comprising 1.0349ha (more or less) of freehold land across two titles with three road frontages, and recently rezoned by Napier City Council within the new High Density Residential Zone, development of up to 19.5m (or six storeys) in height is provided for within the District Plan (subject to appeal), and modern and creative residential living encouraged.
Currently accommodating 39 residential units of two and three-bed configuration, the property is offered for purchase with vacant possession on an “as-is, where-is” basis.
Options are here to suit - refurbish the existing units, or bring a modern design to the popular Napier CBD. The flat contour, accessible location, and plentiful retail and services in the immediate area will appeal to mixed-use, mixed density development, or a comprehensive residential development. Quality schooling, recreational amenity, and the impressive Napier waterfront precinct is just a short walk away.
Forecasts of increasing population and demand for new housing outstripping supply should give confidence to developers looking for their next opportunity, or one to keep the pipeline full.
A genuine and compelling opportunity to redefine a suburb, and create a legacy development for Napier CBD lifestyle.
