Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New block of Special Housing Area Land goes on the market

New block of Special Housing Area Land goes on the market for sale

A prime section of land in a newly-created Special Housing Area in South Auckland has been placed on the market for sale, presenting extensive opportunities for an investor or developer.

The freehold block comprising 4.23 hectares and a four-bedroom house is located at 933 Paerata Road in Pukekohe, one of the country’s fastest growing areas. The section of land is situated in A Special Housing Area (SHA) - a location identified for fast-track development to boost Auckland's housing supply.

The property has been placed on the market for sale with Bayleys and is being marketed by salespeople Ben Jameson and Rebecca McEntee via an auction process on September 1. It has a Government Valuation of $1.1 million.

The recent rezoning of the area, including the section, allows for greater development options, said Mr Jameson.

“This property sits adjacent to Wesley College and is part of the Wesley SHA - an area which has been approved for rezoning as Mixed Urban Housing,” he said.

“The proposed Wesley SHA development is for a minimum of 4500 new homes over a period of 15 to 20 years, including mixed housing, terrace and apartment living, and will also create employment opportunities and schooling.

“Approval has been given for minimum lot sizes of 300sqm, with 1000 residential houses proposed for the first stage of the Wesley SHA development.”

As part of the council’s vision of Auckland being the ‘world's most liveable city’, the aim of the development is to establish ‘an accessible community that offers residents access to quality connected, open space, a commercial centre and a heart that builds on the history of the Wesley College’, according to council documents. The Wesley local town centre precinct will be developed between the Wesley College buildings and Stay Highway 22.

The new block up for sale features a 171sqm, four-bedroom house with a large office/ second lounge area, open plan kitchen and family area, double garage and sheds and grazing opportunities for stock.

The section is gently contoured land. Under the criteria for the proposed Special Housing Area development, the property could be subdivided into an estimated 45-75 sections.

Located in Paerata, this section is in a highly desirable area only minutes from Pukekohe - of New one of Zealand's fastest growing areas - with easy access to the motorway and nearby townships of Drury, Pukekohe and Papakura, said Ms McEntee.

“Close to the southern motorway and within commutable distance to Auckland CBD and Auckland International Airport, this section is well connected and is in a sought-after lifestyle area.

“There are several public schools in the area close to Paerata including; Pukekohe Intermediate, Pukekohe High School, Wesley College, Rosehill College, Paerata School and several other primary schools in Pukekohe and the surrounds. Private school buses travel the area to Auckland’s private colleges and Papakura train station provides a regular service for commuting to Auckland CBD including Saint Kentigern’s, Kings College, St Cuthbert’s, and Diocesan Schools.

“This is a prime development opportunity for an active investor or as a land banking option,” said Ms McEntee.

When development of the Special Housing Area is completed Wesley College will relocate within the district but will remain involved in the project throughout its 20 to 30 year course, as the school owns the majority of the land involved, said the council documents.

“This section offers an astute developer or investor the ability to secure an attractive piece of land in a highly sought-after, accessible and popular location, with opportunity for development,” said Ms McEntee.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>

ALSO:

Economy: Double-Dip Recession Next Year, But Housing Rolls On

New Zealand's economy is expected to slip back into recession early next year as delayed job losses, falling consumer spending, and the absence of international tourists bites into growth. More>>

ALSO:

Microsoft New Zealand: Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific

New Zealand, 14 October 2020 – Today Microsoft for Startups launches the Highway to a Hundred Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where 56 startups were ... More>>

Fonterra: Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More>>

ALSO:

Electricity: New Zealand Remains In Top 10 For Energy Balance

The World Energy Council’s Energy Trilemma Index has become part of the energy dialogue both globally and in New Zealand. The Index illustrates the need for countries to balance energy security, energy equity and environmental sustainability. New Zealand ... More>>

ALSO:


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>

University of Canterbury: Proglacial Lakes Are Accelerating Glacier Ice Loss

Lake Tasman, New Zealand | 2016 | Photo: Dr Jenna Sutherland Meltwater lakes that form at glacier margins cause ice to recede much further and faster compared to glaciers that terminate on land, according to a new study. But the effects of these glacial ... More>>

ALSO:

Dairy: Fonterra Sells China Farms

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More>>

ALSO: