Khandallah

Be quick to view this rare development opportunity in sought after Belmont, close to schools, shops and local transport. This flat 1047sqm site with a 30.5m frontage is to be zoned as Residential Mixed Housing Urban under the proposed unitary plan due to come in later this year, unlocking this property's potential and allowing for high density housing along with the ability to build up to three storeys. Interested buyers should check with the council for further clarification. The owners have enjoyed the convenience of this location for the last 43 years, having rebuilt the existing house 35 years ago creating a large 320m2 home with 5 bedrooms upstairs and an enormous rumpus and oversized garage below. In its present configuration this house would provide a good holding income for investors wanting to landbank,plus there is also the potential to further develop the downstairs area and garaging to accommodate extended family members. Superbly positioned just a 2 minute walk from the Belmont shops and bus links this is a great location for now and the future. Belmont Primary, Belmont Intermediate and Takapuna Grammar are all a 5 minute walk and the local beaches, marina, ferries, Devonport & Takapuna are all at hand. Don't delay - large parcels of land in this area and zoning are hard to come by, if you are looking for a development opportunity with a solid and large house to either live in, rent out or renovate while you make plans then this is a must view - register your interest today!