2 Whakarite Road, Ostend, Waiheke Island

Hot opportunity - commercial hub

Those looking for a stake in the heart of an area bursting with commercial development should take note of this hot proposition.
Just a few steps around the corner from the Ostend shops, offices, Saturday market and busy supermarket hub, this premium piece of land is poised for a new savvy owner to maximise its potential.
A cute but tired three-bedroom dwelling sits on the 1,032sqm easy contour site.
While this humble abode is perfectly liveable, with flat parking and a nice grassy area, its main value is its Commercial 2 (Ostend village) zoning.
This prized commercial/residential zone has seen a huge amount of change over the past decade and allows for extensive development rather than solely building houses.
Just drive along bustling Belgium Street to see the current projects under construction.
The compact zone extends to parts of Whakarite, Ostend, Wharf, Putiki and Waitai roads, adding value to the sections within it.
And this prime, sunny corner site has yet to be developed.
With an upgraded septic system in place, the historic, lapsed resource consent for a commercial building plus two bedroom house might be revisited, or the new owner could start afresh at the drawing board.
Due to its slightly elevated position, the property's pretty rural views back towards Rangihoua hill and the Te Whau peninsula could potentially be maximised with a two-storey development.
In such a fantastic location, close to the bus stops, the shops and Waiheke Primary School, this is a great proposition to take advantage of now and perhaps live in or rent out while making bigger plans.