Infrastructure surrounds residential landholding
A substantial block of residential development land zoned for mixed use housing intensification on Auckland’s Southern outskirts – and bordered by multiple infrastructure assets - has been placed on the market for sale.
The 4.155 hectares of freehold flat land at Karaka is located within a fastgrowing residential enclave just a short walk from ACG Strathallan school, a new Hilton hotel nearing completion and scheduled to open this year, and a sizeable new retail shopping hub.
The generally-rectangular site for sale at 36 Oakland Road in Karaka is zoned Mixed Housing Suburban under the Auckland Council Plan – allowing for potential subdivision into at least 120 new residential sections.
The property is being marketed for sale by tender through Bayleys Papakura, with tenders closing on February 10. Salespeople Peter Sullivan and Kristina Liu said that with an extensive frontage onto Oakland Road, the greenfield site allowed for a ‘blank canvas’ subdivision for any configuration of section plans.
Mr Sullivan said such sizeable blocks around Karaka were keenly sought-after by developers looking to dovetail their projects behind Auckland Council’s vision for the region - in an area close to State Highway One, and where existing new homes were already selling in upper price brackets.
“The 4.155-hectare block for sale at 36 Oakland Road continues the housing intensification pattern currently being experienced in the wider Karaka locale. At the end of last year for example, Bayleys Papakura sold a comparable 2.291-hectare block in the same street for more than $9million – equating to $400 per square metre,” he said.
“The Auckland Council Plan Mixed Housing Suburban zone is the most widespread residential classification in Greater Auckland - covering many established suburbs and some greenfield areas such as many parts of Karaka. Much of the existing development in the zone is characterised by one or two-storey, mainly standalone buildings, set back from site boundaries with landscaped gardens, and it is envisaged this tone will continue in the likes of Oakland Road.
“The zone enables intensification, while retaining a suburban character and allows for a variety of dwelling types and sizes to provide housing choice. The height of permitted buildings is the main difference between this zone and the Residential – Mixed Housing Urban Zone.
“The fundamentals of the Mixed Housing Suburban zone are to create safe streets and public open spaces, deliver not only visually aesthetic dwellings but also allow for privacy and sunlight, and to allow individual dwellings to have a high quality of living environments within each individual property.”
Advisory notes on Mixed Housing Suburban zone developments stipulate that at least 40 percent of the property’s use must be in lawns or gardens – to provide for environmentally conscious outdoor living areas or views from within the home.