RESIDENTIAL DEVELOPMENT SITE OR LARGE INDUSTRIAL
305, Chadwick Road, Greerton, Tauranga
Price On Application
- Proposed Usage
- Floor Area
- 1570.00 m²
- Land Area
- 12075.00 m²
- Property ID
Enquire about this property
This property is 1.2 hectares in size and zoned for Industrial activity and is being used as workshops, administration storage and yards for truck parking and storage of materials but has multiple development opportunities. In June 2017 the property has received approval from the Council/Ministry to develop 100+ residential dwellings on site and is surrounded by existing residential housing.
This approval offers a unique opportunity to enhance the value of the property by changing it’s current industrial use into residential. Tauranga is one of New Zealand’s fastest growing regions and this property could help supply affordable housing to the constant demand in the Tauranga housing market.
Parties may see opportunities to use the property as a industrial facility. Industrial land in Tauranga has become scarce with only the Tauriko Business estate developing new industrial land. Most of these new land parcels are being pre-sold and titles expected late 2018 /2019. This property offers parties title to the property now and therefore a opportunity to develop or occupy now. Using some of the substantial existing buildings could makes this property a very cost effective investment opportunity.