Listing #:1295896752

Landbank with immediate upside

Location: 521 & 652 Runciman Road, Drury, Papakura, Auckland
Property use: Developmen­t site
Land area: 975000m2
Price: Price by negotiatio­n
Property ID#: FFU737
521 & 652 Runciman Road, Drury represents a significant opportunity for land bankers and developers looking for a substantial investment in one of New Zealand’s fastest growing locations. On the market for the first time in over 20 years, Runciman Road sits on two titles across 97.5ha of farm land providing a solid holding income to its current owner.

Runciman Road is located just 40 kilometres south of the Auckland CBD, situated perfectly between State Highway 1 and State Highway 22 in the heart of Drury. This rare ‘countryside living zoned’ land has the potential for a luxurious 65 lot lifestyle development with elevated views of Rangitoto and the Auckland CBD to the north and the Bombay Hills towards the south.

In addition, one of New Zealand’s fastest growing townships in Pukekohe can be easily reached within a short 10 minute drive offering future residents the enjoyment of lifestyle living whilst providing everyday comfort through its’ nearby shops, restaurants, cafes and golf club.

The Auckland City Council has identified this area as a high growth area and made provisions for an additional 7000 houses to be built. In addition, the proposed Drury South Business Precinct is to be developed on the eastern boundary of State Highway 1 between the Great South Road and Ararimu Road interchanges, creating a further 6000 jobs in the Franklin District.

Features:
* Strategic Location
* 97.5 Hectares more or less
* Substantial Land Bank
* Country-Side Living
* Development Potential
* 65 Lot Potential
* Holding Income
* High Growth Area

Agency reference #: 57268
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Price by negotiation
Listed: Sat 12 Nov, 8:39 am
Josh Coburn
Colliers International, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3597964
  •  (021) 990691

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Agent's details

Josh Coburn
  •  (09) 3597964
  •  (021) 990691
Simon Child
  •  (09) 3589872
  •  (021) 1302067
Colliers International, (Licensed: REAA 2008)
(09) 3581888
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Expires: Sat 29 Dec, 8:45 am
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