Kumeu, Takapuna residential lots
Bayleys’ Auckland based International Division is marketing two development opportunities — more than 100 residential sections available for purchase in bulk lots at Kumeu, plus a large commercial land holding in central Takapuna.
These listings are among over 60 properties from around New Zealand featured in Bayleys’ latest Total Property portfolio.
The Kumeu offering encompasses a total of 103 lots — from 480sq m through to 1328sq m — at 46 Gilbransen Rd and 217 Matua Rd. These lots are for sale by expressions of interest, closing 4pm, April 18, unless sold earlier.
“This represents a quality opportunity for builders, developers or lank bankers to benefit from all the activity that is occurring in one of the fastest growing parts of New Zealand,” says Bayleys agent Matt Lee, who is marketing the property with colleague James Chan.
“The vendor has been through the time consuming process of obtaining resource consent for a large-scale residential subdivision and is now completing the earthworks and roading and installing utility services. So the sections will be ready to develop dwellings on, subject to obtaining the necessary building consents.”
The entire consented site, totalling 12.7844ha, comprises two adjoining residential blocks with frontage to both Gilbransen and Matua Roads, plus additional road access off Lockyer Rd, Madden Ave and Lewis Younie Rd. It totals 112 lots — nine of which have been pre-sold. Lee says interested parties will be able to make offers for all, or part of the remaining lots. “Builders for example might want to make an offer on pockets of sections and the vendor is happy to consider those.”
Lee says the property has a relatively even contour sloping from the Gilbransen Rd frontage down to the western boundary which adjoins the Ahukuramu Stream. A new primary school is under construction opposite the property’s eastern boundary at 47-49 Gilbransen Rd.
“Surrounding the property are new residential subdivisions, with major projects such as the neighbouring Kauri Grove, Huapai Triangle and Matua and Portage residential estates either completed or undergoing construction,” says Lee. “The area is also poised for further major growth in the near-medium term, with land to the immediate west, currently comprising rural residential and lifestyle blocks, zoned Future Urban — which means it is likely to be opened up for more intensive development at some stage.”
Chan points out that Kumeu and
the wider North West region is projected to have an additional 30,000 dwellings, housing about 75,000 new residents over the next 30 years.
“This opportunity is wellpositioned within the Northwest Corridor, providing ease of access to the motorway and public transport systems while being about 11km from Westgate Town Centre, the commercial and retail hub of the north west with its large format retail outlets and the NorthWest Shopping Centre.
“The Northwest Corridor is benefiting from significant infrastructural upgrading and development. Commercial, industrial and retail growth out west provide employment opportunities for a growing population.”
Chan says each of the lots for sale is zoned Residential-Single House under the Auckland Unitary Plan. The zone is generally characterised by one-to-two storey buildings consistent with a suburban built character.
Also for sale, by negotiation, is a
3527sq m landholding in four freehold titles at 3,5,7 and 9 Anzac St, Takapuna. It is being marketed by Oscar Kuang and James Chan and offers total gross holding income of just over $500,000 per annum from four separate commercial buildings, constructed in the 1960s, 70s and
80s, with retail and office tenants. Kuang says upper-level vacancies in two of the four buildings offer opportunities to owner-occupiers, as well as add-value investors looking for a potential rental upside. The property has a corner position, with an additional frontage to Campbell Rd. Its Metropolitan Centre zoning offers superb development potential.
“Resource consent has been granted for a five-level apartment development on the 3-7 Anzac St land, with ground floor commercial units and two levels of underground parking. The zoning is very flexible, offering a wide range of residential, commercial or mixed use development options,” says Chan, who adds that the property has a 2017 Auckland Council Rating Valuation of $13,475,000.