Potential for developers at heart of Mangawhai Central
Two freehold lots for sale in Mangawhai offer developers the chance to help shape services in a major integrated development at the heart of the growing northern seaside town.
The adjacent lots, spanning over 2433sq m of bare land, sit in a service zone within the 130ha master-planned Mangawhai Central development. They are offered for sale individually or together.
Positioned along a causeway between Mangawhai Village and Mangawhai Heads, the Mangawhai Central precinct is designed to be the heartbeat of the area with a town square, New World supermarket, Bunnings outlet, service zone, retirement living and health care.
These amenities will be supported by the creation of around 800 residential sections in the development and significant residential and lifestyle projects close by.
The Mangawhai Central service zone is underpinned by long-term growth prospects driven from the bulk retail, town centre, retirement and residential property planned for the area.
Bayleys salesperson Henry Napier said the vendor had an approved resource consent to build an office and cafe across both titles for sale. The consent requires construction to commence within two years and accommodates a building height of up to 5m. Alternatively, buyers of one or both lots could consider creating large-format retail outlets or trade showrooms offering retailers or suppliers the chance to establish themselves in this fast-growing area.
As part of a light industry service subzone under the Kaipara District Plan, the lots are also suitable for a broad range of industrial activities such as warehousing, storage, transport or distribution, Napier said.
Lots 11 and 12 in the service zone at Mangawhai Central are being offered for sale through Napier and colleague Chris Blair of Bayleys in the North Commercial and Industrial. The sites, spanning 1025sq m and
1408sq m, will be sold individually or together by tender closing on Wednesday October 25, unless sold prior.
Lot 11 is next to a new Bunnings outlet. Lot
12 has a high-profile corner position and both titles benefit from wide road frontage.
The ability to purchase one or both gives buyers options to create an individual or consolidated development.
Of 15 lots made available to date in the Mangawhai Central service zone, all but one have already been sold or leased through Bayleys.
Blair said the relatively bite-sized nature of the lots now on offer gave them an attractive price point that would make them accessible to a wide pool of buyers.
With great exposure and frontage to a key thoroughfare in Mangawhai Central, these lots will be highly coveted by national or major regional-brand occupiers, as well as investors. The wide-ranging possibilities presented by the rare zoning of this newly supplied land make this a unique opportunity, he said.