A significant landholding in the fast-developing area of Drury in southern Auckland represents an exciting blank canvas opportunity for a range of prospective purchasers.
The 13.5ha site is located at 6 Burberry Road, on the southern boundary of the Auranga development in Drury West.
The substantial site can be acquired as one lot and divided into smaller parcels, and buyers from the retail, medical, commercial, manufacturing, education, and community sectors will be drawn to this offering.
The site is zoned as Business – Town Centre Zone under the Auckland Unitary Plan and will be surrounded by several thousand houses, 200 of which are already built and occupied, providing it with a ready-made catchment of consumers.
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The property sits near a range of notable projects such as Wesley College’s Special Housing Area development at Paerata Rise and Fisher & Paykel Healthcare’s purchase of 105ha that is targeted for future manufacturing and research and development work.
Adding further substantial residential, retail, and industrial developments to the east of State Highway 1 underlines Drury’s status as one of the fastest growing areas in Auckland.
The wider Drury area, tipped to grow to the size of Napier within the next 30 years, is strategically located within the ‘Golden Triangle’ of Auckland, Hamilton, and Tauranga where over half of New Zealand’s population lives.
The location sits on the strategic Hamilton to Auckland economic corridor, and given the availability of developable land, the area is a desirable place to live and do business.
Colliers Directors Blair Peterken and Josh Coburn have been exclusively appointed to market the site for sale by deadline private treaty with the deadline for offers closing at 4pm on Wednesday 18 October, unless sold prior.
Peterken, Director of Capital Markets at Colliers, says buyers with an eye to the future will want to take their opportunity to secure a stake in this rapidly growing location.
“The desirability of southern Auckland for economic activity is proven with significant private interest in development across the area,” Peterken says.
“Council and Government are, and will continue to, respond to market interest in the area by providing infrastructure to support development. Significant investment in rail and road is underway, and investment will continue in utilities, social infrastructure, additional transport infrastructure, and public sector-led development.
“This, in turn, will catalyse further private sector investment. Forecasts from Auckland Council indicate there are strong underlying investment fundamentals attached to Drury. They expect Drury to grow exponentially in the coming years to feature a population of approximately 60,000 people across 22,000 homes with 12,000 jobs available.”
Josh Coburn, Director of Site Sales and Capital Markets at Colliers, says an economic masterplan has been developed for the area that provides an opportunity to focus future investment within the wider Drury area to contain growth and prompt infrastructure delivery in a more compact and sustainable way.
“It will direct and incentivise development of economic land to provide employment opportunities for local residents,” Coburn says.
“A MartinJenkins report commissioned by Tātaki Auckland Unlimited in 2021, that Colliers contributed to, identified four options that could unlock southern Auckland’s economic potential: An advanced industrial park, a health and wellbeing precinct, a circular economy district, and a food and beverage cluster. This site could be utilised for some of these options.
“Drury is loaded with potential and is one of the biggest growth nodes across New Zealand. With easy access from the motorway, this major landholding will form a key part of the future of Drury and will likely serve as the central shopping and community precinct of Drury West.
“There are also major transport projects incoming in the form of railway stations and park and ride facilities, helping to connect the area to central Auckland. The area has been declared as ‘open for business’ and with Auckland being the country’s economic powerhouse, the expansion of this well-connected, land-rich area will be highly appealing for discerning buyers.”
- Article supplied by Colliers
