A strategic growth plan for the satellite town of Warkworth, a previously rural node north of Auckland, creates opportunities for rural landowners, with the sale of a substantial landholding tipped as the region’s next residential suburb.
Held in four titles totalling 55 hectares (more or less) of strategically located mixed zone land at the end of the Matakana Link Road, Paddison Farm represents a scaled development opportunity in one of the region’s fastest-growing areas.
The property connects to State Highway 1 and the Puhoi to Warkworth motorway.
Bayleys in the North commercial salesperson Henry Napier says central government efforts to ease housing pressures by unlocking greenfield sites for future urban development continue to create opportunities for large-scale projects from existing rural land parcels.
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“Greater density provisions in key areas support Auckland Council’s drive to increase the population of satellite towns like Warkworth. As such, pressure to deliver new housing has rocketed the price of suitable residential development sites.
“At the same time, the recently released National Policy Statement on Highly Productive Land stands to constrain greenfield development, particularly across Pukekohe and Auckland’s southern limits, which serve as a significant growing area for New Zealand.
“Moves in this area have meant developers are increasingly looking to Auckland’s northern corridor for desirable opportunities with scale.
“The property at Paddison Farm has a powerful value proposition given its proximity to major transport routes – with a location opposite the Matakana Link Road termination, which will feed traffic from the Warkworth to Puhoi motorway extension once completed next year.
“The property is about to become the first significant undeveloped residential landholding traffic will reach after leaving the motorway exit, and finished homes will benefit from direct access onto the link road and State Highway 1.
“Paddison Farm comprises approximately 45 percent of land zoned Future Urban and the remaining lots currently in Rural Mixed zone adjoining Warkworth Golf Club – which, following a plan change to live zoning, would present one of the largest greenfield residential development opportunities in the region,” he says.
Napier is marketing the property for sale by tender closing at 5pm on Wednesday, 9 November 2022 (unless sold prior), in conjunction with Bayleys in the North colleagues Marty van Barneveld and Chris Blair.
Bayleys in the North head of projects Marty van Barneveld says the property presents a scaled development opportunity with an attractive undulating contour and elevated country views.
“Paddison Farm is positioned next to the existing development of more than 600 new homes at Warkworth Ridge, with support from the Auckland Council to provide more housing in the area, which continues to see high demand from Aucklanders moving north in search of land and lifestyle.
“Residential communities like Warkworth Ridge and Stubbs Farm, which could yield more than 1,000 new homes as well as retail and a retirement village, have received resource consent for integrated developments, spanning a mix of high, medium and low residential densities.
Van Barneveld says Auckland’s northern expansion will transform the Warkworth area over the next decade, with significant new infrastructure informing the housing and commercial build agenda to add significantly to the local economy.
“Following the urbanisation of Orewa, Red Beach, Silverdale and Millwater, Warkworth is the next cab off the rank, with new commercial facilities and fresh housing supply set to contribute significantly to positive growth across the region over the next 30 years.”
Projections from the Auckland Council’s growth plan to 2050 predict around 1,100 hectares currently earmarked for future urban growth could accommodate up to 7,500 new homes or an additional 20,000 new residents.
Bayleys in the North commercial director Chris Blair says Warkworth’s establishment as a vibrant satellite town continues to yield landowners’ opportunities through significant rezoning potential.
“Across the region, upzoning under the Auckland Unitary Plan has meant landowners have collected a significant windfall from greater provisions for density, which is also planned here in Warkworth.
“For Paddison Farm, the new owner could seek a private plan change to rezone the land next to the Warkworth Golf Club, consisting of 29.34 hectares (more or less) in Rural Mixed zone, with significant value upside once complete.
“The location is suitable for subdivision as a medium density residential development being just 1.7 kilometres to the Warkworth Town Centre and the new State Highway 1 motorway extension connecting Auckland and Silverdale to Warkworth.
“A development of this type would support the Future Urban zoning mission statement of increasing capacity and the choice of housing locally, whilst promoting walkable neighbourhoods, fostering a sense of community and increasing the vitality of centres.
“Infrastructure upgrades currently being completed by Auckland Council to the region’s wastewater system via a new pump station in Warkworth, and treatment plant at Snells Beach further support this,” says Blair.
In recent years, Auckland’s northern reaches have been a key area of focus for investors, evidenced by several high-value sales completed by Bayleys.
- Article supplied by Bayleys
