The largest parcel of undeveloped industrial land in North Harbour is being presented to the market for the first time in 60 years, providing prospective purchasers with limitless potential for their next major project.
297 and 297A Albany Highway are two freehold titles totalling 5.77ha in the tightly held Rosedale commercial and industrial precinct.
The location has been the long-time home of Knights Nurseries, a family-owned business that carved out its own niche as one of the largest wholesale plant nurseries in New Zealand.
The site is zoned Business – Light Industry Zone under Auckland’s Unitary Plan and will be sold as vacant possession, leaving the new owners with a blank canvas.
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The centrally located site is only two minutes’ drive to State Highway 16 with State Highway 1 also readily accessible, meaning the property provides excellent connectivity.
Colliers directors Matt Prentice, Josh Coburn and Shoneet Chand have been exclusively appointed to market the property for sale and are taking expressions of interest with a deadline of 4pm, Tuesday 23 November, unless sold prior.
297 Albany Highway is a 2785sq m site, while 297A Albany Highway makes up a majority of the landholding as a 5.5ha property.
The total site, which has a gentle contour from the western to the eastern side, is an elongated block, with slightly diverging side and angled end boundaries.
Prentice, director of industrial sales and leasing at Colliers, says this truly is a one-of-a-kind offering in a market that is starved of large landholdings.
“This property represents one of the most unique listings for the area in the past decade given the sheer scale of the site,” Prentice says.
“Land that is zoned Business – Light Industry Zone is hard to find on the North Shore, let alone a site of this size.
“This property will be highly attractive to a range of prospective purchasers who will have the opportunity to dream big as they look to the future.”
The property offers multiple access points from Unity Drive, Unity Drive North, and Albany Highway, while there is a house on the site that was previously occupied by the owners of the nursery.
Coburn, director of site sales at Colliers, says the strategic location of the site will hold appeal for owner-occupiers, developers, or investors to consider a large-scale development in this part of the North Shore that is well connected to local transport links.
“Our vendor has advised that it is ‘time to sell’ after pouring more than 60 years of hard work into the site and this vast landholding is the last of its kind given the intensive development that has taken place in the area during the past two decades,” Coburn says.
“The surrounding area in Rosedale is an established industrial subdivision with modern warehouse and office buildings that enjoys a central position in relation to the surrounding and expanding North Shore urban areas.
“Excellent access to the Northern Motorway complex is available via Upper Harbour Drive or Bush Road, while travel time to and from Auckland’s CBD is approximately 15 minutes in off-peak traffic.”
Chand, director of industrial sales at Colliers, says the scale of this landholding means the new owner will have a range of options at their disposal.
“This site represents almost one third of the remaining undeveloped industrial land in North Harbour and the new owners may look to alternative uses for the site given the potential that will be available to them,” Chand says.
“We expect significant interest in this premier landholding and encourage all interested parties to do their due diligence and contact us immediately because this is an opportunity not to be missed.”
- Article supplied by Colliers
