A strategically located landholding in the heart of Papatoetoe in South Auckland offers buyers the opportunity to acquire a prime development site in a rapidly growing area for their next major project.
The 4,453sq m site is located in Sutton Crescent and is currently used to provide surplus car parking for Hunters Plaza. The property is zoned Business – Town Centre Zone under the Auckland Unitary Plan.
The site is set to be subdivided from the Hunters Plaza shopping centre and offers approximately 180m of street frontage, providing significant exposure and visibility.
The favourable zoning of the site allows for a medium-density residential development with up to 90 per cent coverage and 18m of height at this amenity-rich location.
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Ignite Architects have completed a 36-unit terrace housing redevelopment concept to provide an example of a market-appropriate terraced product, which will serve its residents by integrating their homes to the boutique shopping, supermarket, and discount department stores at their doorstep, though more ambitious vertical construction is achievable.
Sutton Crescent wraps around the southern and western boundaries of Hunters Plaza and links Great South Road to Kolmar Road in Papatoetoe.
Hunters Plaza has undergone significant investment recently with a number of big brands in the complex, including Kmart, Countdown, Chemist Warehouse, and CityFitness.
Papatoetoe is well served by public transport with regular train and bus services connecting the suburb to other parts of Auckland. The Southern Motorway is also easily accessible, and Auckland’s CBD is 18km away, while the airport is 9.1km away.
Colliers Directors Josh Coburn and Blair Peterken have been exclusively appointed to market the site for sale via an international expression of interest campaign with the deadline closing at 4pm on Thursday 22 June, unless sold prior.
Coburn, Director of Site Sales at Colliers, says this property is perfectly positioned for a residential development given the ongoing growth of the area.
“Nestled among rapidly developing suburbs such as Manukau Central and Ōtara, Papatoetoe is part of a key hub of South Auckland that is benefitting from considerable local and central government investment that has seen major infrastructure improvements,” Coburn says.
“As part of Auckland Council’s Auckland Plan 2050, significant growth is expected in Manukau Central over the next 30 years. The residential population is expected to increase to over 10,500 households and the number of jobs is expected to increase by over 22,500 to around 56,000.
“Data from Infometrics also notes that Papatoetoe has experienced consistent population growth year-on-year for the past decade, bar 2021 when the Covid pandemic impacted immigration levels.”
Peterken, Director of Capital Markets at Colliers, says the subject site is surrounded by local sports facilities and the Papatoetoe Recreation Ground.
“There are a number of well-regarded schools in the area, including Papatoetoe High School and Papatoetoe Central School, making it a popular choice for families with children,” Peterken says.
“The suburb also has multiple childcare facilities and preschools and is home to the Manukau Institute of Technology.
“With this development site sitting next to a shopping centre there’s a long list of high-profile retail offerings that will meet the requirements of occupants as well as complementary food and beverage sites.”
- Article supplied by Colliers
