Chance to develop large Waiheke block
A significant parcel of land on Waiheke Island is up for grabs.
The 182ha freehold block of almost entirely untouched farm land overlooking Awaawaroa Bay is being pitched as suitable for private use or development.
JLL and Luxury Real Estate are marketing 59 Waimangu Rd for sale by tender closing November 19, with an the indicative asking price of $8.1m plus GST.
The property incorporates a component of coastal flats where a homestead is located together with ancillary buildings, including accommodation and various farm sheds.
The remainder is of mixed contour, incorporating elevated ridgelines with a number of the gullies containing healthy pockets of established native bush.
JLL commercial sales broker John Binning says other than the homestead located metres from the Pipitewai Bay waterfront, the land is truly a blank slate with no prior construction activity, making it ideal for private use or development.
“The farmhouse with a floor area of around 246sq m is being used as a family home, while the cottage with around 86sq m of floor area is being promoted as a premium holiday home,” says Binning.
“The property includes a 1.5km strip of coastline and has stands of native bush, walking tracks, ridges with incredible views and all of that wonderfully productive Waiheke soil. There are also two small waterfalls, an abundance of birdlife, and pasture for sheep and cattle.”
Under the Operative District Plan, the vendor is able to apply to have the property subdivided into seven lots, opening a tremendous add-value opportunity.
Luxury Real Estate sales broker Charlie Brendon-Cook says the farmhouse and cottage have both had significant renovations and refurbishments over time and so would also suit a buyer seeking a private retreat.
“The main house on the property is the original farmhouse which has in the course of its life been extended and more recently extensively renovated and refurbished to provide a very comfortable, well-appointed residence that retains its character elements like natural timber floors and internal lining,” says BrendonCook.
“Both the farmhouse and cottage have been enhanced with good flow from internal spaces to the adjacent deck areas and include insulated subfloor, walls, and ceiling.”
The property is a 20-minute drive from the island's main ferry terminal.
Waiheke Island consistently features on top lists across the world for its acclaimed natural beauty. Contributors to its success include the abundance of natural attractions like beaches, walking tracks, and native bush, in addition to being one of the world’s most exclusive wine regions.