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Milford

1 Forrest Hill Road and 4 Nile Road, Milford, North Shore

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5,344sqm Land area SQM

By Negotiation

Landmark redevelopment project


• 5,344sqm (more or less) high profile corner site
• Business Mixed Use and Mixed Housing Urban zoning
• Long-standing tenant returning holding income of $210,000pa + GST
• Substantial development potential with various proposed plans

This significant opportunity is an alluring proposition for redevelopment or investment from a range of residential and commercial developers and owner-occupiers.

Superbly positioned on the sought-after corner site of Forrest Hill Road, Wairau Road and Nile Road the property is within immediate proximity to the Wairau Valley commercial hub and the Milford and Takapuna town centres and coastline. This strategic high-profile location is an attractive location for a range of potential uses.

This freehold site has multiple titles being offered as one, currently undergoing a consent process for residential dwellings comprising of terrace houses taking advantage of the valuable “double Westlake” school zoning. An established anchor tenant returns a holding net income of $210,000pa + GST with vacant possession possible from late 2024 or the vendor is open to providing a deferred settlement.

A range of options for a range of buyers - call today.

Steven Liu

Steven Liu

Retail, Development and Investment Sales and Leasing

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Michael Nees

Michael Nees

Commercial, Investment and Development Sales

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Opportunity


An alluring proposition for investment, owner occupying, land bank or future development

Zoning


Business – Mixed Use and Residential - Mixed Housing Urban

Prime frontage


Superbly positioned on sought-after corner site of Forrest Hill Road, Wairau Road and Nile Road

Planned development


Under consent process for residential dwellings comprising of apartment and/or terrace houses

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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Contact us and have your questions answered.