74 Onetangi Road, Onetangi, Waiheke Island

Prestigious wine belt opportunity

An outstanding large-scale development opportunity on Waiheke Island has come to market with the front block of former Isola Estate vineyard just released for tender.
The 4.0716 hectare property in the renowned Onetangi valley, known for its premium grape-growing conditions, was earmarked for extensive development in the late 2000s.
Resource consent for a luxury 80-room resort was granted, and fifty-two unit titles, consisting of one, two and three-bedroom apartments, were offered for sale under a 25-year management contract with a five-star hotel group. The proposed projects resource consent lapsed, but the lands unique designation, called Onetangi road area, remains for future larger-scale development.
Situated between four premium Waiheke vineyards and adjacent to the main road, this charming block of land is surprisingly private, with lush native wetland plantings bordering one side and just under a hectare of vines at the other.
The vines are currently under the management of another vineyard and provide a beautiful backdrop for the tired but sunny two-bedroom cottage that sits on the estate, hidden from view.
Tall trees, a small olive grove and plenty of paddocks on this easy-contour block of premium land provide a blank canvas for a new investor to dream up their next big venture.
Alternatively, it could just as easily suit a small-holder who wants to build a dream home and create a new business at this popular intersection.
Whatever the vision, the prime location, with its excellent Onetangi Road frontage amid several prestigious wineries, and the lands special zoning that allows for any number of big development opportunities, creates a picture that is ripe for some sort of tourism operation.
Interest is expected to be high and the liquidator requires a sale with a tender close date of 11 April 2019.
To download all documents go to https://www.bayleys.co.nz/2151314