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The final portion of a farm that was first owned by Ranulph Dacre in the 19th Century and has since been owned by the Shakespears and then the Hobbs family, is being marketed to developers as “a blank canvas”.
The land, at 198 Pinecrest Drive, has beachfront access and was put on the market last October (HM November 6). The original homestead, built in 1861, is still on the property.
It is zoned 9E, which allows it to be developed for housing, and engineering firm Cato Bolam have drawn up a concept plan that envisages 119 residential sections as well as two larger lots that could potentially contain two rows of seaward-facing terraced housing, with up to seven dwellings in one row and up to nine dwellings in the other row.
The plan would need Council consent, but indicates the housing density that can be achieved on the 13.43ha site.
The property is being marketed by Bayleys. The company’s Whangaparaoa agent Roger Sumich says there have been “a number of serious calls from prospective purchasers and a number of very good offers but under the threshold where the vendors will pass over their keys”.
He says the recent news that Penlink has been brought forward could see Gulf Harbour property move towards North Shore values within five years.
