Secure Two Exceptional Residential Blocks in Flat Bush
Perfect for a developer who want to truly reap the benefits of a prime investment property.
November 2021 – A golden opportunity to secure not only one, but two prime development sites in the rapidly growing Flat Bush area is finally here.
582 Redoubt Road consists of two blocks situated on the eastern side of Redoubt Road with uninterrupted views of the valley looking down and over the new Ormiston Village. As one of Auckland’s newest housing areas and identified as one of New Zealand’s most comprehensively planned urban developments, Flat Bush have seen substantial housing and infrastructure developments in recent years.
The two blocks feature a total of just over 11ha of land, ready to be subdivided into 17 sites, and with resource consent already approved. The Southern Block situated at 582 Redoubt Road is the larger site with a little over 8.5ha and has plans to be split into 13 well sized lots. The northern block, accessed through 642 Redoubt Road is 2.65ha, and will be divided into 4 lots. All lots in both blocks will have an average size of 5,396sqm.
JLL exclusively presents 582 Redoubt Road, Flat Bush for sale by Expressions of Interest, closing 4:00 pm Thursday 16 December 2021 (unless sold prior)
JLL Metro Commercial Sales Broker Kevin Reardon says gems like this are few and far between.
“The property is situated in Redoubt Road that runs along the south-western ridgeline of the Flat Bush suburb, offering unrivalled views in all directions. Moreover, there is an immense amount of residential and commercial developments happening closer to the centre of Flat Bush in what is known as Ormiston Town Centre” says Reardon.
“582 Redoubt Road is a highly desirable development opportunity, sitting in a top-quality rural-countryside living zone location. A property of this scale in such a desirable spot is extremely difficult to find.”
JLL Capital Markets Director John Binning says 582 Redoubt Road offers potential purchasers the opportunity to start working on the subdivision immediately, with the current owners already going through the resource consent and planning process. With housing supply extremely limited elsewhere in Auckland, Flat Bush is increasingly becoming a top choice for Aucklanders looking for their new home.
“In recent times there has already been an immense population growth in the area, and this trend is expected to continue well into the future, with there being a forecasted 213% population growth between 2018 and 2043.” says Binning.
Residents in the area enjoy a variety of amenities including access to parks, retail, and shopping centres. The recently opened Ormiston Town Centre for example is only 10-minute drive away offering supermarkets, gyms, a cinema complex, food and beverage outlets, and a mix of health and beauty and specialty services. Within a 10km radius, residents also have many school options to choose from including both private and public schools.
“Closely surrounding the town centre is a more intensified residential development consisting of smaller townhouses to accommodate the droves of families and young professionals looking to live in the area. Along with being its own established town centre, Flat Bush also enjoys being in close proximity to the Manukau City Centre, and Auckland City Centre is only 20 minutes away via the Southern Motorway which only 6km 582 Redoubt Road.
Overall, 582 Redoubt Road is well placed for development supported by growth in the overall Flat Bush area.
Interested parties should contact the sole agents for more information.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.