Unlock Parakai's Future - 11,439sqm (more or less) of Potential
Price: $5,250,000
167-185 Parkhurst Road presents a once-in-a-lifetime development opportunity in North West Auckland. With mixed-use zoning, geothermal water rights, and multiple income streams, this property is a rare gem for developers and investors looking to shape a growing town's future.
Key Features:
- Land Area: Approx. 11,439sqm (more or less) across three freehold titles
- Zoning: Neighbourhood Centre zoning allows for mixed commercial & residential use, with three-story building potential
- Geothermal Rights: Auckland Council permit to extract approx. 95 cubic metres of natural geothermal water daily
- Existing Income: Approx. $300,000 p.a. from:
- Restaurant & bar
- Wholesale liquor outlet
- Thermal complex
- Retail shops
- Accommodation: 13 flats, 9 cabins & 3 caravans
Development Vision:
Parakai & Helensville are set to become Auckland's next major growth areas-much like Albany & the Hibiscus Coast before their boom. This is your chance to get in early and transform the town!
- Picture the Possibilities:
- A vibrant residential community with three-story apartments, geothermal pools, and boutique shops
- Auckland's next premier rest home, blending luxury living with tranquil hot springs
Why Invest Here?
- Exclusive geothermal resources
- Flexible zoning
- High holding income to support development
- A chance to lead Parakai's transformation
Don't miss out! Contact me today to discuss this incredible opportunity.
Jana Mills | 021 509 990
#Parakai #DevelopmentOpportunity #Investment #AucklandRealEstate #Geothermal
