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

 

Multiple Dwellings Or Low-rise Apartment Development Opportunity For Sale In Prestigious Herne Bay

44 Shelly Beach Road, Auckland.

The land and building which previously operated as a city-fringe pre-school childcare amenity has been placed on the market for sale – with indications it could be reformatted into a residential development.

The converted residential premises at 44 Shelly Beach Road in the Auckland suburb of St Marys Bay consists of a the 333-square metre building (which includes 75 square metres of decks) located at the front of a 1,004-square metre section zoned Mixed Housing Urban under the Auckland Unitary Plan.

The council’s Mixed Housing Urban Zone allows for greater residential intensification of land to sustain dwellings up to three storeys tall in any configuration of detached dwellings, terraced residences, or low-rise apartments.

The zoning supports increasing the capacity and choice of housing within neighbourhoods such as St Marys Bay, as well as promoting a sense of community and increasing the vitality of urban town centres – in this instance being both Ponsonby and Herne Bay which are at the top of Shelly Beach Road.

The building currently on the site provides any new owner with a multitude of options – some of which would generate holding income while redevelopment plans for the greater site were lodged with Auckland Council.

The converted Georgian-style villa has been utilised as an early childhood education centre, and could, under existing use rights, be let to another business operator – either in the childcare sector to make use of the existing internal configuration, or as chambers for a professional services firm.

Alternatively, the home’s positioning at the front of the site means it could be converted back into a residential dwelling, with the rear of the property developed into new housing. Or it could be removed altogether to make way for the likes of a terraced housing project, or even low-rise apartments up to 11 metres high – equating to three storeys - subject to council approval.

The site has a 22-metre street frontage onto Shelly Beach Road and is northerly-facing with potential views over the inner-harbour across to Birkenhead. The site is gently contoured along its northern boundary.

The council’s resource consent requirements enable the design and layout of any development proposal to be assessed – recognising the need to achieve a quality design is important as the scale of development in such areas increases.

The Herne Bay Montessori pre-school business has been leasing the St Marys Bay property for approximately $172,741 plus GST per annum. After trading for 18 years, its lease expires soon and the property is on the market for sale.

Now the property at 44 Shelly Beach Road is being jointly marketed for sale by deadline private treaty through Bayleys Auckland and Bayleys North Shore, with offers closing on August 6. Salespeople Damien Bullick, Terry Kim and Michael Nees said the property was located in one of Auckland’s most desirable suburbs – just a few kilometres from the city’s central business district and within the dual upmarket retail and hospitality hubs of Ponsonby and Herne Bay.

“Demand for both housing and commercial space in premium locations, such as St Marys Bay, is relatively immune to the wider property cycle and economic climates, and sites of this scale rarely become available,” Kim said.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

The Narrow Divide: New Poll Shows Tight Political Race For SME Votes

In a major turnaround following nearly a decade of MYOB election polls, Labour is currently the preferred political party of New Zealand’s SMEs, with 38% of SME owners and decision makers intending to vote red in the upcoming General Election, ... More>>

Reserve Bank: Further Easing In Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More>>

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>


Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: