Residential-zoned development property with a commercial upside

Tender

This residential-zoned development property has the support of the Palmerston North City Council for a commercial corner aspect. The property is on the city's edge and will offer lagoon front sections that can be achieved, plus others to attract high-quality build in the sort-after suburb of Kelvin Grove in a setting that has to be seen to be believed! Palmerston North City Council rezoned (Plan B) a large residential city block of 4.6 ha (more or less) with a commercial aspect on the corner of Napier Road and Roberts Line that shall not utilize more than 20% of the total of the developable land within the Napier Road Residential Extension Area. The property is close to Bupa Retirement Village, Whakarongo School, Beststart Kelvin Grove Childcare, Cornerstone Christian School and is opposite greenspace and the city cycle/walkway. PNCC and NZTA have approved access entry for the area. PNCC supports vesting the lagoon as a city asset at the commencement of the subdivision and integrating the property into the fabric of the green corridor network. Approximately 3.0 ha (more or less) of neighboring properties are also available to purchase, creating an extensive land package development opportunity. All offers can be made contemporaneously with each other. Bupa has purchased a large area of neighboring land in which they are developing and extending their retirement village.

Tender closes 4.00pm, Thu 18th Apr, 2024, 240 Broadway Avenue, Palmerston North

View By appointment

Web pb.co.nz/BC178637

Kevin Carian M

E

www.weirtours.co.nz weirbros@xtra.co.nz