1365 Springs Road is a substantial site of 4.6912 hectares comprising a mix of green and brownfields development options, situated within a high profile position in the Lincoln township.
In the process of subdivision, the proposed site will comprise a high-profile land holding of 4.6912 hectares, situated to the corner of Springs Road and Gerald Street directly adjacent to Lincoln University to the west, a New World supermarket and commercial precinct to the east, with a mix of established and new housing to balance surrounds. This is a prime and developing location within the Lincoln Township.
The property is effectively in two components. Firstly, a primarily vacant land site of circa 2.6 hectares to the rear, accessed through the centre of the site or potentially via Kaikahi Street to the east.
Secondly, towards the front of the site are various buildings of substantial size comprising the former AgResearch facility, offices and labs as well as two three bedroom dwellings all with full insurance in place. The improvements are various and whilst being sold in ‘as is, where is’ condition, provide a range of potential options dependent upon use. Alternatively, they could be demolished to make way for the underlying Medium Density and Knowledge zoned land.
With usable improvements situated between Lincoln University and a retail commercial hub, together with limited currently available sections in the Lincoln township there are a variety of abundant options to the astute developer.
For sale by Deadline Private Treaty closing 4pm, Thursday 26 September 2024 (unless sold prior).
*Boundary lines are indicative only.
Features:
* Proposed land area 4.6912 ha
* Zoned Medium Density Residential and Knowledge zone
* Outline Development Plan approved
* Prime location within the Lincoln township opposite Lincoln University
* 'As is, where is'
* Mixed greenfield / brownfield development opportunity
* Surrounding supermarket and retail amenities
* High profile corner position
