A truly rare opportunity to secure the former New World Supermarket site, a substantial freehold holding commanding a high-profile corner position in a tightly held seaside location.
The property has been held vacant while the current owner undertook extensive strategic planning, feasibility analysis, and successfully obtained resource consent for a residential apartment conversion. With their focus now shifting to larger greenfield developments, the Vendors have declared the project surplus to requirements and are offering this exceptional opportunity to a visionary, value-add purchaser.
Benefitting from highly flexible zoning under the District Plan, the site lends itself to a broad range of permitted uses. It is ideally suited to retail, service and trade operators, healthcare or education providers, or any occupier seeking a commanding presence in a premium, high-exposure location.
The existing building provides a substantial internal floor area of approximately 2,309m?, formerly configured as a large-format supermarket with level two offices and amenities. The space is readily adaptable for a wide variety of commercial, community, or mixed-use outcomes. Complementing this is an impressive freehold landholding of approximately 2,796m? — one of the largest single sites in this sought-after coastal precinct.
A key point of difference is the extensive on-site car parking, offering genuine convenience for customers and staff in a location where parking is typically at a premium. The prominent corner profile delivers outstanding street presence, signage opportunities, and exposure to strong volumes of both vehicular and pedestrian traffic.
With the supermarket fit-out largely removed, the property is primed for re-occupation with minimal further capital required. Alternatively, purchasers may elect to leverage the existing apartment development consent, offering immediate redevelopment upside while land-banking a strategic, income-generating site.
Whether your vision is to reinstate a large-format retail offering, establish a vibrant mixed-use destination, or pursue a long-term development and investment strategy, this property delivers the scale, flexibility, and location to support a standout outcome.
Opportunities of this calibre are seldom available.
The groundwork has been completed — now it’s time to realise the potential.
The property is offered for sale seeking offers in excess of $6,000,000 + GST (if any).
Contact us today for further information or to arrange a private inspection.
*Boundary lines are indicative only
Features:
- Land Area: 2796 sqm
- Strong corner position
- Excellent onsite carparking
- Post EQ built building
- High replacement value of improvements
- Reposition to wellness hub, medical, supermarket etc
- Affluent location
- Resource consented for high end apartment conversion available
More information: https://www.colliers.co.nz/p-NZL67036476
