A coveted mixed-use development site in the highly sought-after North Shore suburb of Northcote will pique the interest of commercial and residential developers or owner-occupiers who are looking for a premier location for their next major project.
50 Northcote Road in Northcote is a 1,849sq m flat, freehold, and rectangular site with excellent street frontage that is near a host of key North Shore amenities, including Northcote’s town centre, Smales Farm and North Shore Hospital.
The property is strategically located and enjoys excellent connectivity to Takapuna and the commercial and industrial hub of Wairau Valley via State Highway 1, while Auckland’s CBD is only 12 minutes away during off-peak traffic.
Colliers directors Shoneet Chand and Matt Prentice have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Wednesday 10 November, unless sold prior.
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The property is zoned Business – Mixed Use Zone under the Auckland Unitary Plan, which is typically for properties located around centres and along corridors served by public transport.
The zone provides for residential activity as well as predominantly smaller scale commercial activity that does not cumulatively affect the function, role, and amenity of centres.
Chand, director of investment sales at Colliers, says the zoning makes this a highly attractive property that will give the new owner a host of potential options for the future as the site is a blank canvas.
“It is rare to see sites of this potential come to the market on the North Shore, and this presents as an incredibly unique opportunity,” Chand says.
“This is a high-profile property on a main road in Northcote with excellent exposure that sees more than 25,000 cars passing daily.
“The mixed-use zoning is highly desirable, and it lends itself to a multitude of uses, including intensive residential development, and offers prospective purchasers plenty of freedom to decide their next move in one of the North Shore’s most popular suburbs.”
The Auckland University of Technology’s North Campus is less than 1km away, while the major arterial routes of Northcote are nearby and offer convenient access to the motorway interchange.
Northcote has received significant council investment through the Northcote Town Centre Benchmark Masterplan and the urban regeneration of the town centre is being led by Eke Panuku Development Auckland, on behalf of Auckland Council.
Developed in collaboration with Kaipatiki Local Board and mana whenua, it draws on more than a decade of legacy planning and community input and outlines the plan for a refreshed town centre that will retain the suburb’s original feel.
Prentice, director of sales and leasing at Colliers, says this property is perfectly placed in a high-growth area of the North Shore.
“The nearby town centre has experienced tremendous growth during the past few years and there is scope for further development,” Prentice says.
“The demand for mixed-use land is strong given it appeals to buyers of all kinds and everything is in place for the new owner to come in and make their mark.”
The property is only a short drive away from Takapuna Golf Club, Takapuna Rugby Football Club, and the North Shore netball courts.
“Located just over the Auckland Harbour Bridge, this premier development site is close to a range of popular local facilities that all add to the dynamic lifestyle the North Shore has to offer,” Prentice says.
- Article supplied by Colliers
