Strategic Glen Innes site with huge development potential
A 4.35ha residential development site with excellent access to amenity is for sale in the rapidly changing East Auckland suburb of Glen Innes. Colliers has been exclusively appointed to market 136 Taniwha Street, Glen Innes, for sale by expressions of interest closing at 4pm on Thursday March 4, unless it is sold earlier.
The site is owned by Nga¯ti Wha¯ tua Orakei, and it is being sold to realise funds that will be invested in their people, their tribal aspirations and housing projects on their papaka¯ inga in O¯ ra¯ kei.
Strategically located at 136 Taniwha Street, the property benefits from excellent proximity to a wide range of shops, parks, schools, community facilities and public transport.
It comprises a flat, regularshaped corner site with flexible Terraced Housing and Apartment Buildings (THAB) zoning, which allows for development of up to 16m in height.
Josh Coburn, site sales director at Colliers, said it is one of the premier development opportunities of 2021.
‘‘The site is strategically located in a coveted affordable housing area that continues to benefit from ongoing urban renewal.
‘‘Its sought-after THAB zoning allows for an attractive range of development options, including single dwellings, townhouses, apartments, or a master-planned combination of these.’’
The site benefits from substantial local amenity. It is on the corner of Taniwha Street and Elstree Avenue, opposite Tamaki College and the Glen Innes Pool and Leisure Centre. It is within walking distance of Glen Innes Train Station, three quality supermarkets, more than 20 eateries, and a range of shops, parks, nature reserves and more than 13 preschools and primary schools.
Culturally, the site benefits from its proximity to a local library, Ruapotaka Marae, Glen Innes Community Hall, and the St Mary’s Anglican and Taka He Monu churches.
Substantial recreational amenities are located nearby, including the 32ha Point England Nature Reserve, the Wai-O-Taiki Nature Reserve, and the popular Colin Maiden Park sports complex.
Blair Peterken, capital markets director at Colliers, said the site’s location has abundant potential.
‘‘Glen Innes is one of three hubs of the Tamaki Regeneration Programme and is currently undergoing a significant transformation. More than 10,500 new homes will be built in the area over the next 25 years, which will open doors to home ownership for thousands of young Kiwis,’’ he said.
‘‘The substantial scale of the Taniwha Street site will make it an important pillar of the area’s transformation.’’