Nestled within one of the fastest-growing suburbs in Auckland, a prominent landholding that is ready for development is available for purchase.
Developers and investors will be attracted to 111 Settlers Avenue in Hobsonville given the 7,687sq m site’s flat contour and proximity to existing amenities that have popped up in the surrounding area.
The site, which is situated on the south-western side of Hobsonville Road, has resource consent in place for 79 dwellings – with a spread of two and three-bedroom units – meaning a substantial development could be undertaken.
With dual street frontage and easy access to the nearby motorway network, the site is ready to be transformed to help shape the growing area. The property is zoned Business – Mixed Use Zone under the Auckland Unitary Plan.
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Sitting only two minutes from Hobsonville Point and approximately seven minutes from the Westgate Shopping Centre and the Northwest Shopping Centre, there are a host of retail offerings nearby.
Colliers Directors Josh Coburn and James Appleby have been exclusively appointed to market the site for sale and are taking expressions of interest with the deadline for offers closing at 4pm on Thursday 7 March, unless sold prior.
The north-west of Auckland is an area that is continuing to experience considerable growth both in population and commercial development.
Major shopping centres, including New Zealand’s first Costco, have chosen the location as a crucial hub to set up their operations to capture this rapidly expanding catchment.
Hobsonville, one of the country’s most successful master-planned communities, offers schools, childcare centres, and plenty of green spaces.
The proposed development at the subject property consists of 79 three-level terraced houses. The units range from 85sq m through to 125sq m and the design has incorporated ample car and bike parking.
Coburn, Director of Site Sales and Capital Markets at Colliers, says continued demand for housing across Auckland will make this site a sought-after offering.
“Record-setting immigration figures for New Zealand in 2023 will lead to an increased need for more dwellings to accommodate the notable boost to the population with many of those new migrants likely to settle in Auckland given the available job opportunities,” Coburn says.
“A new development in this growing location will help meet that need and there will be considerable interest in the units once they have been completed.”
Appleby, Director at Colliers West Auckland, says the enhanced infrastructure in the surrounding area has improved accessibility for the residents in the north-west of Auckland.
“Linking State Highway 18 to State Highway 1 has shortened travel times to the CBD while the marina at Hobsonville Point can be reached in approximately five minutes from the subject property, providing commuters with transport options,” Appleby says.
“The construction of a neighbouring New World supermarket and supplementary retail complex that opened in 2021 means future residents will be well served by amenities.”
The Business – Mixed Use Zone is situated around centres and transport corridors, serving as a transitional zone between residential areas and higher-intensity business zones. It accommodates a mix of residential and smaller-scale commercial activities without requiring a specific mix on individual sites.
The zone aims to provide moderate to high-intensity residential and employment opportunities in proximity to key zones and public transport.
“The development of this site will contribute to the ongoing transformation of Auckland’s bustling north-west region, and we encourage all interested parties to contact us immediately,” Coburn says.
Supplied by Colliers
