Large town centre site for sale by mortgagee
A substantial mixed-use development site with consented plans for building 175 new homes has been placed on the market by the mortgagee.
The property comprises a 1.35ha block next to the Takanini Town Centre and Southgate Shopping Centre with Special Housing Area (SHA) status.
Auckland Council’s Integrated Area Plan for Manurewa/Takanini/Papakura describes the locale as the “spine of the south.”
Takanini’s neighbouring commercial and light industrial property precinct serves a residential catchment comprising Conifer Grove, Wattle Downs, Manurewa and Alfriston.
The land is zoned Business—Town Centre under the Auckland Unitary Plan and is consented for construction of 121 terraced houses and 54 apartments in single and dual-storey configurations. Utilities and infrastructure works have commenced at the level, generally rectangular site, with a sealed road completed through the centre.
62-66 Takanini Rd and 14-16 Glenora Rd is for sale by mortgagee tender through Bayleys Auckland, closing at 4pm on Thursday 8 September.
Salespeople Layne Harwood, Paul Dixon and Shane Snijder said the greenfield block comprised six individual superlots ranging from 709-3531sq m.
“The property is ideally positioned between established commercial areas along Great South Rd/Walters Rd and the large residential catchment to the north in Addison,” said Harwood.
“Takanini has been the focus of a significant number of medium to high-density residential developments over the past five years in particular – encouraged by the high-density residential zoning. Continuing this trend was one of the motivations for developing 62-66 Takanini and 14-16 Glenora Rd to provide more choice of dwellings for the market.
“The area has enjoyed extensive residential growth over the past decade, and there is a new commercial development on the northeastern side of the railway line, incorporating a large Warehouse store in the Takanini Town Centre hub. Manukau City Centre is 10 minutes’ drive away.
“The land is being sold with resource consent application plans in place. Any new owner can either pursue the initial vision to bring to fruition the new residential component for this locale or can look at making modifications to the overlay configuration.”
Harwood said while consent had been granted for 175 dwellings, there was the option to build 113 residences in stages 1A and 1B within the block, with the balance suitable for unidentified commercial uses.
The zoning allows development of a residential enclave and also light industrial, commercial and retail buildings, supported residential care, tourist accommodation, leisure and hospitality. Building heights depend on the nature of the development, typically 2-6 levels with a focus on office and residential use on upper floors.