One of the last substantial and live-zoned residential land development opportunities in Warkworth, the gateway to the Matakana Coast, has been placed on the market for sale as its private, inter-generational family owners seek a buyer that could optimise the site’s inherent potential.
The freehold 14.75ha park-like landholding at 245 Matakana Road is gently contoured, has native bush on its peripheral boundaries and is strategically-positioned in an area that is undergoing substantial change, on the back of wider Auckland’s continued population growth.
Located in the north-eastern precinct of Warkworth with up to five developable areas across the landholding, Blair said the site has enviable Residential - Mixed Housing Urban zoning which supports construction of a range of housing types, including single houses, terraced houses and low-rise apartments.
The property is divided down the middle by the soon-to-be-completed Matakana Link Road, a 1.6km four-lane road which will create an alternative route between west and east Warkworth from State Highway 1 to Matakana Road, and which is an extension of the Puhoi-Warkworth Motorway which opens later this year.
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Development of the former farmland would capitalise on the rare combination of locational advantages including convenient access to the township, Warkworth Showgrounds multi-sport complex, and direct connections to roading and other vital infrastructure.
As the largest rural town in the northern part of Auckland, and just 57km north of Auckland CBD, Warkworth is destined to become a major satellite commuter town with an additional 20,000 people projected to be living in the immediate area by 2050.
With significant infrastructural investment being made across the roading and utility services network in the area, intensified development opportunities are actively being sought by progressive entities looking to leverage off the town’s growth dynamics, according to Bayleys salespeople.
Chris Blair, Henry Napier, and Marty van Barneveld from the Bayleys in the North commercial, industrial and land development team are marketing the Warkworth development landholding by Deadline Sale (unless sold prior), closing at 3pm on Wednesday, 12th April, 2023.
“The property benefits from successful rezoning following the now-operative Plan change 78 which concluded in 2022.
“That zoning change has significantly bolstered the property’s development potential, rendering it a development-ready asset.
“The new intensified zoning allows a mix of higher density property and its location along the Matakana Link Road will allow tangible efficiencies as the arterial will connect the property to State Highway 1, creating unmatched access to the new Puhoi to Warkworth Motorway.”
In addition to this accessibility directly via Matakana Link Road, Blair said developers will appreciate the convenience of its additional access points from Matakana Road and Clayden Road.
He said there is strong appetite among developers for Auckland land with favourable zoning that allows flexibility of density and height, and with Warkworth undeniably a desirable location, Blair is expecting robust enquiry.
“This opportunity could expand the residential options for Warkworth and attract homeowners looking to combine a lifestyle close to beaches and all the services that the Warkworth town centre offers, along with an easy commute to Auckland.
“The town itself continues to evolve off the back of roading network improvements and demand from a growing population, with the new $40 million 5,300sqm Pak'n Save Warkworth scheduled to open midway through this year on the corner of State Highway 1.
“The recently-opened Warkworth Community Transport Hub provides a dedicated commuter facility which connects bus services north and south, and the town has a really vibrant feel to it.”
Other integrated residential developments have been greenlit in the area including the neighbouring Warkworth Ridge on an elevated 53ha greenfield site, and Stubbs Farm on the northern periphery of Warkworth township where up to 1200 homes and a retirement village are planned.
Council is also progressing infrastructure upgrades to the Warkworth and surrounds wastewater system via the new Lucy Moore Park wastewater pump station which is designed to accommodate population growth for the next 35 years and is due for completion in 2024.
- Article supplied by Bayleys
