‘Monumental’ development opportunity in Taupō
Potential-rich land near Lake Taupō , perfect for development
In the bustling heart of Taupō , 24 Acacia Bay Road, Nukuhau, is 9.09ha of freehold land filled with development potential. The site has recently undergone a rezoning transformation from Rural Environment to Nukuhau General Residential meaning the untapped potential of this blank canvas is ready to be unleashed.
Strategically positioned opposite an established residential area, the site is a clear continuation of the Nukuhau neighbourhood.
24 Acacia Bay Road is under 3 kilometres from the Taupō Town Centre and nearby to popular schools, medical centres, recreational facilities, and worldfamous landmarks.
The rectangular site consists of a well-maintained brick-and-tile home that is currently occupied.
From a commanding elevated position, you can expect stunning views of Lake Taupō , Mount Tauhara, and the Town Centre.
JLL has been exclusively appointed to bring 24 Acacia Bay Road, Nukuhau to the market for sale via Deadline Private Treaty, closing 4pm, 15th March 2024, unless sold prior.
JLL Metropolitan Sales and Investments Broker, Megh Shah, believes now is the perfect time to enter the market and take advantage of land value growth.
“The Government's strong support for investment and housing development, coupled with easing inflationary pressures and a stable Official Cash Rate, ensures a favourable climate for investors looking for their next opportunity,” says Shah.
“New Zealand's record-high immigration rates and increasing population growth projections highlight the country’s national demand for housing.
"Developers with vision are bestplaced to capitalise on this expected growth.”
Taupō is a desirable location for visitors and residents alike. There is a thriving tourism industry bringing in over $752 million annually, according to the Ministry for Business, Innovation, and Employment.
Large New Zealand companies are taking note of the region’s desirability, and are catering to the expected demand from the growing population in the area.
Nukuhau, the third largest suburb in Taupō , is recognised for its modern residential stock and is poised for further growth.
With a median house price of $820,000, the suburb has achieved a remarkable compounded annual growth rate of 8.4% over the last decade. Rental returns are also promising, with high demand from residents and visitors.
According to Taupō District Council’s projections, there is a need to deliver 17,200 new homes by 2060 to meet expected residential demand. There are only 2,000 homes in the pipeline at present, indicating there is a significant opportunity for property developers to cater to this demand.