Rare development land available in Ellerslie
A high-profile landholding primed for development in the affluent Auckland suburb of Ellerslie will provide a wide range of buyers with a site of scale for their next major project.
80 Cawley St is a 3303sq m freehold site zoned Business–Mixed Use under the Auckland Unitary Plan.
The property, which offers huge profile to Ellerslie and the Southern Motorway, is nestled among prominent office and commercial developments on either side of SH1.
Occupants will also enjoy proximity to public transport with Ellerslie train station less than 500m away and bus stops within easy walking distance.
Ellerslie village, which has an outstanding mixture of cafes, restaurants, bars and gyms, is only a fiveminute walk away, while Auckland’s CBD and Sylvia Park shopping centre are both within 12 minutes drive. The property is near a range of local schools.
Colliers directors Jason Seymour and Blair Peterken have been exclusively appointed to market the site for sale by deadline private treaty closing at 4pm on Wednesday 6 July, unless sold prior.
Seymour says Auckland’s ongoing growth continues to create further demand for quality housing and office options.
“Auckland Council’s concentration on intensification rather than sprawl, articulated in the Unitary Plan and proposed law changes, demands a rigorous construction programme in the areas identified for growth.
“Auckland’s housing shortfall is expected to intensify with an estimated 400,000 new homes required over the next 30 years. The population of Auckland is tipped to grow from 1.7 million to 2 million by as early as 2029 according to forecasting by Stats NZ, creating the need for further housing stock to be built. A site such as this one represents a prime opportunity for an intensive development.
“That ongoing population growth will also drive a greater need for office and light industrial space.”
Peterken says it is rare to see such a large parcel of available land on offer in Ellerslie.
“Ellerslie is a desirable residential neighbourhood with highly favourable demographics and socioeconomic characteristics, while also being a major hub of employment.
“Within its primary catchment, the site has a current population of 14,055 and within its secondary catchment, a population of 62,079.
“The median household income in Ellerslie is significantly higher than the wider Auckland region. Census data indicates the median household income in the primary catchment is $110,372 compared to the Auckland average of $98,344.”
Peterken says significant growth potential comes with a site of this scale.
“The Business–Mixed Use Zone will provide prospective purchasers with a wide array of options for the future, and they will be able to create a substantial development with generous height requirements that will cater to a range of needs.
“Sites of this nature in a popular suburb such as Ellerslie are rarely presented to the open market.”