scoop.co.nz 21 Mar, 2021 23:00 am

100% Shovel Ready – Resource Consent And Building Consent Issued

100% Shovel Ready – Resource Consent And Building Consent Issued
The Loxley luxury apartment project offers a unique opportunity for a “savvy” developer to begin immediate construction in Central Takapuna – the current hotspot for intensive residential development. <img src='https://img.scoop.co.nz/stories/images/2103/6d9b412a568d9ec9f1c8.jpeg' ...

100% Shovel Ready – Resource Consent And Building Consent Issued The Loxley luxury apartment project offers a unique opportunity for a “savvy” developer to begin immediate construction in Central Takapuna – the current hotspot for intensive residential development.Resource consent and building consent approvals are already in place to deliver 47 luxury units on the site at 32-34 Tennyson Avenue – in what a real estate representative has dubbed a “plug-and-play” opportunity for a developer seeking to capitalise on the current housing market strength.“The building consent approval, in particular, provides the project with planning certainty and will help to streamline project timelines – eliminating the need for various assumptions, delays and costs.“Takapuna’s fundamentals underpin the value of the Tennyson Avenue site for sale and the potential success of an ensuing sell-down of apartment units.

The site at 32-34 Tennyson Avenue, Takapuna, is now being marketed for sale by way of deadline private treaty closing on 25 March (unless sold prior), through Bayleys North Shore.“Central Takapuna was rezoned Metropolitan Centre, the most intensive zoning outside the CBD, while the periphery of the centre – including the Tennyson Avenue Site – is now zoned Residential-Terrace Housing and Apartment Buildings.

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