Substantial development / accommodation ...
• 1.6187ha (more or less) landholding in the Residential Zone
• Partially located within Lyndhurst development area
• Strategically located for development or holding
• Significant accommodation improvements on site
A genuine opportunity presents here to acquire a substantial 1.6 hectare landholding with substantial improvements in a highly strategic and tightly held location.
Assets of this scale and nature are limited in number and seldom available. The scale, flat contour, and shape factor of this property provides flexibility for a wide range of outcomes, making it equally appealing to investors, developers, and owner-occupiers seeking a future-focused asset. Appealing will also be the extensive improvements on site. Vacant possession at settlement, but established and used most recently for RSE accommodation, the potential for holding or long-term income should not be discounted.
The property's exceptional Frimley location, positioned near the Napier-Hastings Expressway and regional services, overlooking picturesque Stoneycroft Reserve ensures amenity and outstanding connectivity across the wider Hastings and Hawke's Bay.
Subject to necessary approvals, the location could lend itself to a diverse range of development options, in addition to the obvious medium- to high-density residential development in this popular residential suburb.
This versatility, combined with strong long-term regional growth fundamentals and transport proximity, underpins a compelling opportunity to unlock significant value over time in one of Hawke's Bay's most strategic corridors.
• Partially located within Lyndhurst development area
• Strategically located for development or holding
• Significant accommodation improvements on site
A genuine opportunity presents here to acquire a substantial 1.6 hectare landholding with substantial improvements in a highly strategic and tightly held location.
Assets of this scale and nature are limited in number and seldom available. The scale, flat contour, and shape factor of this property provides flexibility for a wide range of outcomes, making it equally appealing to investors, developers, and owner-occupiers seeking a future-focused asset. Appealing will also be the extensive improvements on site. Vacant possession at settlement, but established and used most recently for RSE accommodation, the potential for holding or long-term income should not be discounted.
The property's exceptional Frimley location, positioned near the Napier-Hastings Expressway and regional services, overlooking picturesque Stoneycroft Reserve ensures amenity and outstanding connectivity across the wider Hastings and Hawke's Bay.
Subject to necessary approvals, the location could lend itself to a diverse range of development options, in addition to the obvious medium- to high-density residential development in this popular residential suburb.
This versatility, combined with strong long-term regional growth fundamentals and transport proximity, underpins a compelling opportunity to unlock significant value over time in one of Hawke's Bay's most strategic corridors.
Key features
Growth
Forecast growth and demand for residential dwellings in Hastings provides a significant opportunity for a smart development professional
Land bank
Develop now, or hold for long term development
Location
Conveniently located on Omahu Road, near the Hawke's Bay Regional Hospital, Hastings Sports Park, and the Napier-Hastings Expressway.
