A prominent corner property with a rarely provided zoning in Saint Heliers shapes as a highly desirable purchasing opportunity for developers looking for a versatile site in one of Auckland’s premier suburbs.
44-46 Long Drive, Saint Heliers is a high-profile 1012sq m freehold site that is zoned Business – Neighbourhood Centre Zone under the Auckland Unitary Plan.
The site currently has two commercial tenants in separate buildings returning $41,400 plus GST in net annual rental income.
One tenancy is month-to-month, while the other expires in May 2023 but a six-month early termination clause in favour of the landlord is in place.
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Colliers brokers Logan Roach and Gareth Fraser have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Thursday 2 December, unless sold prior.
Roach says this is one of the premier development sites to hit the market in sought-after Saint Heliers.
“It’s incredibly rare to see a site of this size and location with this unique zoning hit the open market in this tightly held part of the city,” Roach says.
“The property has been owned by the same owner for approximately 40 years. In that time, it has served the local community as a commercial hub, most recently by the renowned MEC Bikes, and a health store.
“With holding income on offer, this property is perfectly placed for the new owner to strategically plan their next moves.”
The site’s location means it is only a short walk to the beach and the popular Saint Heliers village that services locals with a number of popular hospitality options.
Roach says the regular-shaped site will provide exquisite views of Rangitoto Island and the Hauraki Gulf from the upper levels of any future developments.
“There is tremendous flexibility that comes with this site and it could be repositioned for a multitude of uses, including apartments and terraced houses, accommodation, office or commercial, and retail.
“Alternatively, the new owner may choose to add to the existing buildings on the site, which is possible due to the favourable site coverage.”
Fraser says Saint Heliers holds significant appeal to buyers given the scarcity of available land.
“Saint Heliers has long been established as one of Auckland and New Zealand’s most desirable suburbs,” Fraser says.
“Located only 10km from the Auckland CBD via the incredibly scenic route of Tamaki Drive, Saint Heliers has it all, including a picturesque beach, award-winning cafes and restaurants, alongside the best schools, parks, and amenities.
“Prime real estate has always been in high demand in Saint Heliers, and this has intensified with the Auckland Unitary Plan, with demand for land, terraced housing, apartments, and dwellings at an all-time high."
- Article supplied by Colliers
