Description
Act fast to seize 107 Fred Taylor Drive, a prime 4.09 hectare freehold property in the heart of Auckland's rapidly expanding North West.
With projections of 100,000 new residents, 40,000 homes, and 20,000 jobs over the next 25 years, this site offers an unprecedented opportunity for developers and investors to tap into exceptional growth potential. Recent sales of adjacent properties have set a new benchmark, showcasing the skyrocketing demand and values in this coveted area.
This is the crucial moment to secure your investment before prices rise even higher.
Zoned Future Urban and adjacent to a light industrial complex, this property is perfectly positioned for development. Plus, current rental income from two stand-alone dwellings and a large garage provides immediate cash flow while you strategise your next steps.
Located just 500 metres from major retailers like Costco, Kmart, and Mitre 10, this site is at the centre of a thriving commercial hub of a catchment of 1.6 million people with a retail spend of $24 billion in 2024*
Additionally, three nearby data centres indicate ongoing technological investment, with Auckland's CBD just a 20-minute drive away.
With structure planning for Red Hills North set to begin in 2025 and potential land release after 2028**, the future prospects for this site are staggering.
Owned by the same family for 35 years, 107 Fred Taylor Drive is your chance to secure a high-growth asset in one of Auckland's most dynamic regions.
Must be sold by Set Date Sale: Closes 4:00 p.m. Friday 8 November 2024 (unless sold prior). Viewings by appointment only. Act quickly to avoid missing out.
* NZ Herald, 11 Sept, 2024.
** Auckland Council Spatial Land Use Strategy - North West May 2021.
