FOR SALE: A slice of Kiwi paradise

  • It has been described as a developer’s dream – a chunk of rolling, north-facing Waiheke Island paradise.

Known as Thompson’s Point, the 38ha farm has council approval to be subdivided into 25 sites – all with stunning views of the Hauraki Gulf.

Owners Jillian and Colin Devine bought the land, at 306 Sea View Rd, Palm Beach, and an adjoining sea-side strip in the 1980s to farm cattle.

The land has a CV of $5.5 million but a real estate source said its market value would be well above even $25 million. The land would then be subdivided and the sections sold.

READ MORE VIA: NZHERALD

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Waiheke. Photo / Getty Images

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