A strategically located property in the rapidly expanding northern Auckland area of Silverdale offers buyers of all kinds the opportunity to acquire an asset with significant add-value potential due to its favourable zoning.
14 Blue Gum Avenue, Silverdale is a four-bedroom home on a freehold site spanning 1,004sq m that is zoned Business – Mixed Use Zone under the Auckland Unitary Plan.
Surrounded by a range of amenities, including various trade retail stores, a shopping centre, supermarkets, and a local tavern, the property offers convenience for current and future occupants.
The property provides holding income of $41,600 per annum through the current established tenants who have occupied the property since November 2021.
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The nearby motorway connection means Albany can be reached in approximately 12 minutes, while Warkworth, the Auckland Harbour Bridge, and Hobsonville are about 20 minutes away in off-peak hours.
The upgrades to the local Hibiscus Coast Bus Station were completed in 2021 and there’s an array of bus services available within walking distance that provide connectivity north and south.
Colliers Directors Ryan de Zwart and Matt Prentice have been exclusively appointed to market the property for sale by auction to be held at Colliers North Shore, Level 1, 129 Hurstmere Road, Takapuna, Auckland at 1pm on Wednesday 14 June, unless sold prior.
Originally constructed in the 1950s, the property has recently been rewired to current standards with an upgraded switchboard. It also has two bathrooms.
De Zwart, Associate Director of Industrial at Colliers, says the zoning of the property will be highly appealing to prospective purchasers given the flexibility it offers.
“The Business – Mixed Use Zone is a zoning classification that is designed to accommodate a mixture of commercial, residential, and industrial activities within a particular area. This zoning encourages a diverse range of land uses and promotes urban development that incorporates both living and working spaces,” de Zwart says.
“Property owners and developers have the flexibility to establish a variety of businesses. It allows for a range of housing options, including apartments, townhouses, and live and work units.
“The subject property offers buyers the opportunity to enjoy a work and live home with bush views, favourable proximity to the Weiti River, and only one neighbour. Those with greater ambitions may be able to unlock the true value of the site with a future commercial, residential, or industrial development.”
Prentice, Director of Industrial Sales and Leasing at Colliers, says the expansion of Silverdale has made it a sought-after location and the future development of the O Mahurangi – Penlink project will reduce traffic in accessing the motorway network.
“Silverdale is experiencing significant growth and development. This means there are expanding amenities, services, and infrastructure to support the growing population,” Prentice says.
“Auckland Council’s Silverdale Centre Plan includes actions and projects to steadily transform Silverdale over the next 30 years. By 2050 the council forecasts that Silverdale, Dairy Flat, Wainui, and Orewa will accommodate approximately 40,000 new homes.
“Purchasing opportunities such as this one do not come around very often.”
Interested parties should note that a landslip occurred to the south of the subject property due to heavy rainfall in April 2017. As a result, a crack opened on the lawn 1.5m from the south facade.
A report from Tonkin and Taylor in 2017 indicated the dwelling had not been damaged and a solution that should reinstate the damaged land and remove the imminent risk threat would comprise of constructing a cantilevered retaining wall.
The vendors have obtained a design for the retaining wall that has been completed by engineers. Consent has been issued by the council for the construction thereof and will be passed on to the new owners.
- Article supplied by Colliers
