A significant landholding in the southern Auckland satellite town of Pukekohe offers prospective purchasers the opportunity to acquire a large-scale site in an area that is tipped for significant growth.
70, 70A, and 70B Lisle Farm Drive, Pukekohe spans 19.1848ha and is spread across three freehold titles; 18.6470ha of the site is zoned Future Urban Zone and 5,378sq m of the property is zoned Residential – Mixed Housing Suburban Zone under the Auckland Unitary Plan.
The subject site is located on a recently established and developing road on the outskirts of Pukekohe and offers excellent access to the town centre, which is only 3.1km away.
Pukekohe serves a wide rural catchment and is connected to State Highway 1 and the rest of Auckland via State Highway 22. Auckland’s CBD is approximately 50km away and an upgraded train line that can accommodate electric trains is due to open late next year that will provide further connectivity for Pukekohe residents across the wider region.
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Colliers Brokers Ash Vincent, Tony Marsh, and Josh Franklin have been exclusively appointed to market the site for sale via deadline private treaty closing at 4pm on Wednesday 17 May, unless sold prior.
Vincent, Director of Industrial at Colliers, says the sheer size of this landholding makes it an eye-catching prospect for buyers.
“Developers will have significant interest in this site given properties such as this one are rarely presented to the open market and remain highly sought-after,” Vincent says.
“Having the opportunity to acquire a site of this size presents discerning buyers with a range of opportunities for the future and this site is perfectly positioned to be utilised for a major residential development.”
Last year Auckland Council noted that Pukekohe is projected to grow by over 50,000 people during the next 20 years, meaning there will be substantial investment directed to the area.
A new masterplan has been created by Eke Panuku – the Council’s property development arm – that will deliver positive change to Pukekohe’s town centre through proposed projects, including the upgrade of Market Street, the development of Edinburgh Street, and improvements to Roulston Park, among others.
Marsh, Investment Sales Broker at Colliers, says the time is right to buy in Pukekohe given the considerable central and local government investment that is projected to flow into the town.
“As part of Auckland Council’s Auckland Plan 2050 approximately 1,700ha of land has been identified for future urban development, while there is also significant construction taking place at nearby Paerata,” Marsh says.
“There is steadily improving infrastructure in the area, while there are also ongoing upgrades being made to the roading network and the public transport system continues to develop.
“Pukekohe has a strong local economy, which is underpinned by the rural sector that enjoys the area’s fertile soils and strong growing conditions.”
Franklin, Director of Industrial at Colliers, says Pukekohe and the surrounding area continues to experience consistent population growth.
“Data from Infometrics notes the ongoing expansion of the region during the past 20 years as more people recognise the potential on offer,” Franklin says.
“The combination of being able to secure a sizeable site such as this one in a high-growth area makes this a compelling purchasing opportunity and we encourage all interested parties to contact us immediately to secure the chance to acquire this site that is loaded with future potential.”
- Article supplied by Colliers
