A large Northcote site that has been consented for a luxury terraced house development will pique the interest of developers looking for a premier location for their next major project.
The two freehold titles at 82 and 92 Raleigh Road, Northcote are selling as a combined offering, creating a scale rarely seen so close to Auckland’s CBD, with spectacular panoramic views across Waitemata Harbour.
The collective land area of 5,086sq m provides a significant landholding that is zoned Residential – Mixed Housing Urban Zone under the Auckland Unitary Plan.
The existing consent currently provides for a generous medium-density development, allowing the purchaser the ability to redesign with more units if desired.
Start your property search
The area has sustained demand for housing with limited developable land restricting supply.
Raleigh Road is strategically located with Northcote’s local shopping centre less than five minutes away, while the CBD is readily accessible via the Auckland Harbour Bridge, providing convenience for residents. A welcoming community feel is prevalent in the area with many young families and great local schools on offer.
Colliers Brokers Ned Gow, Jack Tuson, and Matt Prentice have been exclusively appointed to market the properties for sale via deadline private treaty closing at 4pm on Wednesday 30 March, unless sold prior.
Gow, Investment Sales Broker at Colliers, says this combined site presents an unrivalled North Shore development proposition with the benefit of resource consent providing clear guidance for a purchaser.
“Terraced housing is experiencing significant demand throughout Auckland and a sizeable landholding such as this one represents an opportunity with scale in a tightly held suburb,” Gow says.
“There is a notable lack of high-quality, new build supply in the local housing market. Developers will be able to make the most of the favourable zoning of the site and the outstanding views to create a precinct of luxury properties that will be highly appealing.”
Tuson, Investment Sales Broker at Colliers, says the existing consent presents an opportunity for prospective purchasers to capitalise on the existing work the vendor has undertaken.
“The resource consent, granted in June 2021, allows for 24 terraced houses. There are five blocks in the consent with each having their own unique aspects, including views, native flora, and generous floor areas,” Tuson says.
“There is a mix of two, three, and four-bedroom units with car parks for each providing easy access. The resource consent is in place for five years from the granted date, allowing a purchaser to strategically plan their future project.”
Prentice, Director of Sales and Leasing at Colliers, says Northcote is benefitting from Auckland Council investment initiatives as part of the Northcote Framework Plan.
“The new Northcote will have a great mix of new housing and a brand-new town centre, providing fundamental factors to elevate Northcote to an even more popular base of the North Shore,” Prentice says.
“Northcote will also have a new multi-purpose community facility, which will include a library, connected to a new town square, all while being a short drive from Auckland’s CBD and other major centres on the North Shore.”
- Article supplied by Colliers
