Major Te Atatu¯ South housing project ready for next step
As migration numbers surge, likely leading to increased demand for housing, a multi-building development in the West Auckland suburb of Te Atatu¯ South is being offered for sale.
170-174 Te Atatu¯ Rd has been fully consented for 82 residential units across 11 stand-alone walk-up structures with 86 carparks, common bike storage and rubbish areas.
The units are a mixture of one, two, and three-bedroom dwellings, ranging in size from 40sq m of gross floor area through to 109sq m. The total landholding spans approximately 7059sq m.
The property, next to Te Atatu¯ South Park and only 2.5km from SH1, is zoned Residential–Mixed Housing Suburban under the Auckland Unitary Plan.
Construction on the site is continuing under the receivers’ instruction and interested parties will need to take their own advice in determining the viability and feasibility of the structures on the site.
The development is well advanced, and it could be completed in the second quarter of next year, providing further housing in an area that continues to experience ongoing growth.
Colliers directors Josh Coburn and Blair Peterken have been appointed by the receivers of Treasure Plus Ltd to market the development for sale and are taking expressions of interest with the deadline of 4pm, Thursday December 7, unless sold prior.
Based on the current consent and existing development, the breakdown includes eight 40sq m one-bedroom offerings, 68 two-bedroom units from 61-81sq m, and six three-bedroom units from 81-109sq m.
Coburn says the receivers have provided clear instructions that they wish to see rapid action on this development.
“This development represents a significant opportunity for someone to acquire this project and bring it through to completion, all while delivering more than 80 dwellings to the West Auckland community. Construction is predominantly fire-rated timber construction with a combination of James Hardie Linea Weatherboard, EasyLap Panel and brick veneer, and Nuraply roofing.”
Te Atatu¯ South is in West Auckland, approximately 10km from the city centre, a popular choice for those seeking a peaceful suburban lifestyle.