This development opportunity is located at 31 Hobson Avenue, Kerikeri, also known as Theatre Lane, directly behind the Kerikeri Cinema. The property spans 3,055m² of Freehold land. The property has obtained resource consent for 10 residential sections ranging from 172m² to 282m² lot sizes, making it an ideal investment for a residential development or potentially a combination of commercial and residential behind. Section 223 notice has been issued. Currently, the site comprises a single tenanted residential house on a short, fixed term contract, ensuring holding rental income while finalising your development. As a permitted activity your commercial business could build and operate from this commercially zoned property. Please be aware there are no development contributions charged by the Far north district council making this development even more attractive.
The site is strategically bordered by council stormwater and wastewater services, ensuring that essential infrastructure is readily available. Its location is unbeatable—a short walk to Kerikeri Road and just a five-minute drive to the Waipapa Industrial Hub. This proximity to key areas enhances its appeal for future residents/commercial tenants who will benefit from easy access to local amenities and services.
Act now to secure this prime development site in one of Kerikeri’s most desirable locations as vacant land close to the CBD of this size is a rare find.
KEY FEATURES:
• 3,055m² Freehold section
• Resource Consent for 10 residential sections
• Zoned for commercial use
• Council Stormwater and Wastewater Services on-site
• Prime location for a new central Kerikeri development
• No Development contribution levies payable
For Sale:
$1,350,000 + GST
Please note that we have priced this property as "plus GST" to keep in line with this category of commercial property. However, the Vendor is not registered for GST, and the purchaser will need to pay the GST portion of the purchase price, and upon being registered will have the ability to claim the GST back from IRD.
See this listing on Barfoot & Thompson
