The property comprises seven adjacent parcels of land, each of a little over two acres, located within Crystal Harbour, an exclusive gated subdivision accessed through North Sound Golf course.
There have been three potential development ideas considered for this property in the recent past:
- A hotel marina development taking advantage of access to the North Sound
- A multi-building seven story residential towers project
- A proposal for subdividing the property into house lots.
The property is zoned Hotel/Tourism which allows a higher density of development not often found in this area.
With the Ritz Carlton moving ahead to develop their North Sound frontage and the Dart Group submitting plans to develop their remaining North Sound frontage, this is the largest remaining undeveloped property on the North Sound within the highly desirable Seven Mile Beach corridor.
This property will be sold by sealed bid with no reserve on 31st March 2012.
Further information and a recent valuation is a available upon request.