28 Cambridge Terrace, Papatoetoe, Manukau

Desirable MHU zone - Vendor must sell

Vendor instructions are clear - must be sold!

• Fee Simple 969sqm (more or less) flat, rectangular, development site
• Mixed Housing Urban zoning offering potential to build multiple dwellings as per Auckland Council Proposed Plan change 78
• Moments away from Puhinui Train Station and within close proximity to Papatoetoe town centre, Manukau City Centre, Auckland Airport and motorway networks
• Sale price is inclusive of GST

One of the few sites of this scale in the Papatoetoe area, 28 Cambridge Terrace is strategically positioned to take advantage of the convenient transport networks and the nearby thriving Papatoetoe town centre. A must view property for residential developers ready to capitalise on predominantly flat site as well as Auckland's ongoing housing shortage. With the new Auckland Council Proposed Plan change (78 - intensification for amending the Residential Mixed Housing Urban (MHU) zone), greater building heights and densities in urban Auckland are allowed, giving future developers an opportunity to build taller terraced houses and the like, reaping the rewards of the add value potential.

The current Mixed Housing Urban zoning enables development of up to four dwellings without the requirement of a resource consent from Auckland Council. The proposed plan change endeavours to implement further standards for this zone that apply to development of four or more dwellings to ensure a good design outcome.

Located only 500 metres (a short seven minute walk) from the Puhinui Train Station, and within close proximity to the motorway networks of State Highways 1 and 20 via busy Puhinui Road, as well as schools, childcare centres, recreational facilities, and convenience retail are only a short walk away - offering excellent positioning for future owners.

This property will be sold by auction on 20th September 2022 at our Bayleys Takanini Office (292 Great South Road, Takanini) at 12pm.

For further information and to register interest, contact the Sole Agents today:

Gaurav Minhas
021 811 191
gaurav.minhas@bayleys.co.nz

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz