Multi-million dollar waterfront site could make way for 67 houses
A "rare and sought-after" block of vacant land is up for sale in south Auckland.
Auckland Council gave the land in Wattle Downs a capital valuation of $2.95 million in 2014.
The real estate agents marketing the section for sale say a large-scale greenfield development opportunity such as this has the potential to ease Auckland's housing affordability issues.
"We are now seeing sizeable residential development sites coming to the market at a time when the major political parties have been calling for solutions to Auckland's housing shortage," Bayleys Manukau salesperson Ben Bayley says.
The 2.472 hectare subdivision site in Māhia Rd has been granted resource consent for the construction of 67 residential sections under its mixed housing suburban zoning.
It's being marketed for sale by deadline private treaty by Bayleys Manukau salesmen Ben Bayley, Nick Bayley, and Graeme Sun. Offers close at 4pm on October 28.
Nick Bayley says the site's zoning allows a moderate level of intensification.
"Development within this zone is generally two-storey detached and terrace-style attached housing in a variety of design types and sizes to provide multiple housing style choices.
"Very much like what is being seen at Hobsonville Point to the west or Stonefields in Mount Wellington.
"To allow for the efficient use of these sites when assessed through the resource consent process, dwellings can be built closer to site boundaries."
Bayley says smaller development sites come onto the market in south Auckland "from time to time", but ones such as the section in Māhia Rd are "rare and sought-after".
Its current owners have decided to sell as they're looking at other business opportunities, he says.
"We're marketing the property nationally as we believe the right buyer for this is either a local or national developer."