An expansive development site in the popular Te Atatu Peninsula that is zoned Business – Town Centre will provide buyers with the opportunity to plan their next major project in one of Auckland’s fastest-growing suburbs.
3 Pringle Road is a strategically located 8141sq m freehold title just off Te Atatu Road.
The prominent corner site offers 244m of total street frontage with multiple access points.
The property is in the heart of the recently developed Te Atatu Peninsula town centre and there’s a range of amenities nearby, including Countdown, Te Atatu Peninsula Community Centre, and Jack Pringle Park.
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Colliers Directors Peter Herdson, Blair Peterken, and Josh Coburn have been exclusively appointed to market the property for sale and are taking expressions of interest with a closing date of Thursday 21 October.
Herdson, National Director of Capital Markets at Colliers, says the zoning makes this a highly attractive property for buyers who will have a blank canvas to work from in one of West Auckland’s most sought-after suburbs.
“The Business – Town Centre Zone provides for a wide range of activities including commercial, leisure, residential, tourist, cultural, community and civic services, providing a focus for commercial activities and growth,” Herdson says.
“The 27m height overlay opportunity is intended to facilitate increased intensification, including office and residential activities at upper floors. The site is one of the largest residential development sites remaining in the Te Atatu area and could be used for terraced housing, apartments, or townhouses.”
Given its waterfront location, Te Atatu Peninsula offers exceptional views of the Waitemata Harbour and central Auckland skyline, while there’s a number of restaurants, retailers and bars in the area.
There is easy access to the nearby motorway network and large suburbs Henderson and Westgate are only a short drive away.
Peterken, Director of Capital Markets at Colliers, says Te Atatu Peninsula is in the midst of a population surge and subsequent real estate boom.
“As of the 2018 Census, 3 Pringle Road’s primary catchment had a population of 13,344 with a further 75,555 residents in its secondary catchment. As we understand, a significant number of recent developments are likely to have pushed these numbers up, highlighting Te Atatu Peninsula as a rapidly growing area,” Pederken says.
“The positive outlook for the Te Atatu Peninsula catchment suggests there will be continued demand for housing options. The area has a strong level of household income compared with national and Auckland averages. Its proximity to the CBD and other major employment hubs combined with the amenity in the Peninsula itself means there’s strong potential for robust long-term growth in the area.”
Coburn, Director of Site Sales at Colliers, says Te Atatu Peninsula is popular among families with a number of education facilities within 2km of this property, including Te Atatu Kindergarten, Matipo Primary and Te Atatu Intermediate School.
“Te Atatu Peninsula is a rapidly gentrifying suburb that is experiencing huge growth due its convenient location and outstanding lifestyle that is supported by the beautiful surrounds the Peninsula offers,” Coburn says.
“On top of excellent schooling and other local amenities, there’s also the Waitemata Rowing Club and Te Atatu Peninsula Bowling Club in the area.
“We expect there will be huge demand for this property and encourage all interested parties to undertake their due diligence and contact us immediately.”
Te Atatu Tavern is situated on the site and is operated by the vendor. When assessing offers, the vendor will consider various options including vacant possession, short-term sale and leaseback, and the duration of the settlement period.
- Article supplied by Colliers