A strategically located development site with extensive road frontage in Albany will appeal to a wide array of prospective purchasers looking to secure a prominent site with favourable zoning in a premier location.
60 Don McKinnon Drive, Albany is a 4,069sq m flat and regular-shaped site that is zoned Business – Metropolitan Centre Zone under the Auckland Unitary Plan.
With a motivated vendor, the site is available with vacant possession meaning the new owner will be able to act quickly on any plans they have for the property.
The site offers dual access and approximately 112m of road frontage. The zoning allows for developments of up to 72.5m, which could lend itself to a variety of future uses, including commercial, residential, office, healthcare, and auto facilities, among others.
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Westfield Albany is in comfortable walking distance, while there’s an Auckland Transport Park and Ride facility nearby that provides access to a range of bus routes and more than 1,000 car parks. The site also offers connectivity to State Highway 1, which is only a few minutes away.
Colliers Directors Matt Prentice, Josh Coburn, and Shoneet Chand have been exclusively appointed to market the site for sale by deadline private treaty closing at 4pm on Tuesday 29 November, unless sold prior.
Prentice, Director of Sales and Leasing at Colliers, says the zoning of the property providers buyers with a host of options.
“The Business – Metropolitan Centre Zone applies to centres located in different subregional catchments of Auckland,” Prentice says.
“These centres are second only to the city centre in overall scale and intensity and act as focal points for community interaction and commercial growth and development and contain hubs serving high frequency transport.
“The zone provides for a wide range of activities, including commercial, leisure, high-density residential, tourist, cultural, community and civic services. Zone provisions, in conjunction with rules in the other business zones, reinforce metropolitan centres as locations for all scales of commercial activity. These centres are identified for growth and intensification.”
Coburn, Director of Site Sales at Colliers, says the property is nestled in an A-grade location that is undergoing significant development.
“The nearby Risland Albany, which has been constructed at 2 Munroe Lane, comprises 141 apartments with commercial space on the ground floor of the building, while there is a further development at 6-8 Munroe Lane that will serve as the North Shore hub for Auckland Council,” Coburn says.
“Albany is an area that has been targeted for growth by local and central government initiatives and recent projects include the completion of the Western Ring Route, upgrades and expansion to Upper Harbour Highway, the Albany Expressway, and the Northern Motorway along with connecting walkways and cycleways.”
Chand, Director of Investment Sales at Colliers, says the subject site has vast long-term potential given the proximity to a wide range of amenities in a highly accessible location.
“Only 21km from Auckland’s CBD, this site could be developed quickly given the vacant possession available to the new owner,” Chand says.
“Alternatively, an investor may choose to landbank the property and create a strategic, long-term plan for its future development.
“With such flexibility on offer and user-friendly zoning, this site will be highly appealing to buyers, and we encourage all interested parties to contact us immediately.”
- Article supplied by Colliers
