A rare opportunity to develop right on the Hatea River. This is your only chance to shape this incredible slice of Riverside. Positioned on the waterfront, just a stones throw from the Whangarei CBD. The current situation provides holding income of approximately $105,000 pa plus GST, allowing time to conceptualise and plan the future development of the site. The Town Basin zoning allows up to 300m² of gross retail and unlimited residential components (i.e Hotel) and up to 15m height permitted under the district plan. Whangarei is economically developing with the Far North district seeing high economic growth of 4.4% compared to New Zealand growth of 3.9%. Whangarei has the third most diverse economy in New Zealand. The owners have made the decision that it's time to move on and are selling
by way of deadline private treaty (unless sold prior) and offers should be lodged at NAI Harcourts Limited, 141 Bank Street, Whangarei by Wednesday March 16th 2016 at 4pm. Deadline extended to Monday 21 March 2016.

IM available on request.