Twenty-one new apartments are planned for Cromwell’s Highlands Motorsport Park.
The previous 12 apartments, first advertised in 2014, have sold out.
Developer Grant Aitken says the latest batch, priced at $599,000, will go on sale at November’s Highlands 101 event, subject to council approval.
“I thought we might have satisfied the demand at 12 but it appears there’s more - some of that is on the back of the credibility of the motorsport park and some of it just from interest in the whole region.”
He adds: “I’ve already got three names - interested parties - and we’re not planning on launching till November.
“For the dreamer petrolhead what better environment – apartment, garage, race-track.”
The land was originally approved for industrial use, such as servicing and maintaining vehicles.
But the consent application says market forces show that apartments within the park are the “most popular land use”.
The so-called Central Park Apartments will not have track views.
The two-storeyed apartments will have up to three bedrooms and feature ground-floor garages for four cars. They range in size from 140 square metres to 165sq m.
A manager will live on-site and there will be permanent on-site security.
Construction might begin in early 2017. The development will be staged, probably in three lots of seven.
A Highlands joining fee is included in the purchase price, with an annual sub to be paid on top.
There’s probably no room for more apartments.
Aitken: “There’s only four lots left after this lot and I think most of the others are building individual man caves and I think we’ll probably satisfy the demand at that point.”
Highlands owner Tony Quinn - the cashed- up petfood multi-millionaire - has had quite a year.
Last month he launched his autobiography Zero to 60 and in April he unveiled at the Cromwell track a $4.2 million Aston Martin Vulcan, the most expensive car in New Zealand.