Developers sought for Mount housing project
Developers are being sought to create a multi-unit residential complex on a key site put up for sale by Tauranga City Council in the heart of Mt Maunganui.
Overlooking Blake Park and close to Ocean Beach and Pilot Bay, the more than 2000sq m freehold site on Hinau St is considered prime development land thanks to its high-density residential zoning.
Previously operated as the Hinau Street Village elder housing complex, the property is being offered for sale following a citywide review of public housing needs.
The site currently contains 12 elder housing units in three blocks and is now being eyed by developers for an intensive apartment or townhouse project.
Bayleys salesperson Mark Walton said the approximately 2022sq m site with wide frontage to Hinau St was zoned High-Density Residential under the Tauranga City Plan.
“This enables housing intensification at a greater density than in the Residential Suburban zone, with allowance for buildings up to 9m high and one independent dwelling unit per 100sq m of land, subject to council approval,” said Walton. “The new Enabling Housing Amendment to the RMA enacted recently by Government has resulted in changes around planning provisions of the City Plan which are currently being reviewed. This will open up additional development options and potentially greater intensification.”
The property at 8-10 Hinau St is being marketed for sale by Walton, with Simon Maxwell and Richard Wright of Bayleys Tauranga. Sale will be by deadline private treaty closing on Wednesday 8 June unless sold prior.
Maxwell said a strategic objective of the sale for the council was to help tackle the city’s housing shortage through a welldesigned intensified redevelopment, with sale proceeds reinvested into social housing elsewhere in the city.
“The property is being offered for sale with vacant possession, with the possibility of a leaseback, for a time, of any units still occupied after the sale while the council arranges alternative housing for tenants,” Maxwell said.