The final major residential land release in Hobsonville Point presents developers with their last opportunity to secure a site of scale to make their mark on one of Auckland’s fastest-growing suburbs.
Lots 5B, 6A, and 6B Hobsonville Point cover 39,755sq m of freehold land and are conveniently located near a range of amenities in the popular, master-planned community.
Lot 5B, which measures 9,782sq m, benefits from split zoning under the Auckland Unitary Plan. The high-profile corner of Hobsonville Point Road and Waka Moana Drive is zoned Residential – Terrace Housing and Apartment Buildings Zone, a highly sought-after zone among developers given the intensity of construction that can be undertaken up to 16m in height. The balance of Lot 5B is zoned Residential – Mixed Housing Urban Zone providing plenty of flexibility around the type of dwellings to be built.
Lot 6A spans 13,985sq m, while Lot 6B is 15,988sq m and both are zoned Residential – Mixed Housing Urban Zone. All three sites can be purchased in one bundle or Lot 5B can be purchased separately.
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Hobsonville Point averaged more than 30 house sales per month in 2021 and the median sales price for the area in November 2021 was $1.27 million. The suburb has 26ha of parks and reserves and 5km of coastal walkways, providing an exceptional lifestyle for its 6250 residents and that number is forecast to grow to more than 11,000 in the future.
Colliers directors Jason Seymour and Josh Coburn have been exclusively appointed to market the sites for sale and are taking expressions of interest with a closing date for offers of Thursday 17 March, unless sold prior.
Seymour, director of capital markets at Colliers, says these sites have approximately 950m of total street frontage and will be highly appealing for prospective buyers given this is the final opportunity to secure a large landholding in this prime part of Auckland’s residential landscape.
“Hobsonville Point has set a new standard in suburban development and has been guided by its vision ‘to build a strong, vibrant community that sets new benchmarks for quality and accessible urban development with an environmentally responsible focus’,” Seymour says.
“This quality design has proven popular with locals and a recent survey of the suburb’s residents showed 93 per cent of residents loved living there.
“The area has a friendly, walkable neighbourhood, and a range of education facilities making Hobsonville Point a great location for families.”
Lot 6A comes with a pre-existing 1,747sq m building, known as the Wasp Hangar, because it housed the Royal New Zealand Air Force’s Wasp helicopter fleet between the 1950s and 1990s, and as part of the sales agreement, this building is to be retained and repurposed and integrated into the future development scheme.
Coburn, director of site sales at Colliers, says the Wasp Hangar is a real point of difference for the future development of this precinct compared to many of the surrounding areas, which have already been completed or are being built now.
“The building provides immediate scale and character to this offering as the new owners will be able to retain some of the area’s history with potential community and commercial uses before putting their own touches on a major residential development,” Coburn says.
“The Wasp Hangar is a high-profile building with enormous internal volume being 55m long, 29m wide and a clear stud height of 12m; a true focal point to provide the community with a unique asset.
“The favourable zoning of Lot 5B allows for high-density housing that will hold significant appeal for buyers and will allow them to maximise the potential of the site through a mixture of stand-alone houses, terraced housing, and apartments.
“The area is well-served by the nearby Catalina Bay, a thriving waterfront commercial, retail and hospitality hub with cafes, bars, restaurants, offices, and apartments. In addition, the wider development of Hobsonville Point has included two brand new schools, early learning centres, a farmers market and a variety of retail, commercial and industrial precincts and multiple parks for recreation. A daily ferry service to downtown Auckland operates from Catalina Bay.”
Seymour says it is hard to overstate the potential on offer given the size and scale of these sites.
“These prime sites are fully serviced by high quality existing infrastructure and require minimal bulk earthworks,” Seymour says.
“We recommend all interested parties do their due diligence and contact us immediately as there will be strong interest in these landholdings.”
- Article supplied by Colliers
