"The initial recommendation from Council officers is for a Business Zoning as against Residential with concerns raised as to a relative closeness to the airport flight path which is a negative factor for Residential development. The re-zoning is part of the Puhinui Structure Plan under the Proposed Auckland Unitary Plan," Quinn says.
The property is effectively self contained and has a primary street frontage to the south western side of Tidal Road of 337.58 metres while part of the property borders Pukaki Creek.
It encompasses a derelict house and packing shed on the site, which are included in the purchase price. There is also a non permitted water bore on the property which was installed in the 1950s when consents were not required.
Power, gas, telecommunications, town water and sewer reticulation services are all available to the property, but any subdivision of the land would require reticulation of essential services throughout the site.
The property has a capital valuation of $3.5 million made up of $3.4 million of land value and $100,000 of improvements.
"The CV valuations undoubtedly reflect the existing zoning of the property rather than its potential as industrial or business land once re-zoned," Quinn says.