Vacant possession, favourable zoning for Albany landholding
A strategically located Albany development site with extensive road frontage will appeal to a wide array of purchasers looking to secure a prominent landholding with favourable zoning in a premier location.
60 Don McKinnon Drive is a
4069sq m flat and regular-shaped site zoned Business–Metropolitan Centre under the Auckland Unitary Plan.
With a motivated vendor, the site is available with vacant possession meaning the new owner will be able to act quickly on any plans for the property.
The site offers dual access and approximately 112m of road frontage. The zoning allows for developments of up to 72.5m, which could lend itself to a variety of future uses, including commercial, residential, office, healthcare and auto facilities.
Westfield Albany is in comfortable walking distance, while there’s an Auckland Transport park-and-ride nearby that provides access to a range of bus routes and more than 1000 carparks. The site also offers connectivity to SH1, which is only a few minutes away.
Colliers directors Matt Prentice, Josh Coburn and Shoneet Chand are marketing the site for sale by deadline private treaty closing on Tuesday 29 November, unless sold prior.
Prentice says the zoning providers buyers with a host of options. “The Business–Metropolitan Centre Zone applies to centres located in different sub-regional catchments of Auckland.
“These centres are second only to the city centre in overall scale and intensity and act as focal points for community interaction and commercial growth and development and contain hubs serving high-frequency transport. The zone provides for a wide range of activities, including commercial, leisure, high-density residential, tourist, cultural, community and civic services. These centres are identified for growth and intensification.”
Coburn says the property is nestled in an A-grade location that is undergoing significant development.
“The nearby Risland Albany, which has been constructed at 2 Munroe Lane, comprises 141 apartments with commercial space on the ground floor of the building, while there is a further development at 6-8 Munroe Lane that will serve as the North Shore hub for Auckland Council.
“Albany is an area that has been targeted for growth by local and central government initiatives.”
Chand says the site has vast longterm potential given its proximity to a wide range of amenities in a highly accessible location. “Only 21km from Auckland’s CBD, this site could be developed quickly.
“Alternatively, an investor may choose to landbank the property and create a strategic, long-term plan for its future development.”