The biggest piece of industrial land in the rural township of Matakana just north of Auckland – zoned for urban housing suitable for sustaining dozens of new homes – has been placed on the market for sale.
The 3.0784-hectare landholding at 939 Matakana Road sits at the western entrance to the town - a gateway between Warkworth and State Highway 1 and the smaller seaside settlements of Omaha, Port Wells, Leigh, and Pakari.
The freehold Matakana land currently operates as an industrial-scale cement and concrete yard and production plant, but is zoned residential single house under Auckland City Council’s comprehensive development plan.
Auckland Council’s residential single house zoning is aimed at maintaining and enhancing the amenity values of established residential neighbourhoods while allowing for planned growth in locations around the greater city.
For locations such as Matakana, the ‘amenity’ values of the locale may be based on special characteristics – such as semi-rural farmland surrounds, spacious sites, or large trees. The boundaries of 939 Matakana Road feature a variety of mature tree-lines, with an additional row of well-established trees running through the centre of the block.
The rectangular-shaped property at 939 Matakana Road is now being marketed for sale by deadline private treaty through Bayleys in the North Commercial and Bayleys North Shore Commercial, with offers closing on June 2. Bayleys brokers Henry Napier, Chris Blair and Ranjan Unka said the property was the last remaining undeveloped address in Matakana’s rural-urban boundary (RUB).
“Both Matakana and Warkworth’s populations have been growing substantially over the past two decades – with Matakana literally being a suburb of its bigger neighbour. These population increases have subsequently placed high demands on what was the limited housing stock land in both towns,” Mr Napier said.
“Indicatively of how 939 Matakana Road will most likely evolve in the long term, a similarly-sized greenfield landholding immediately beside the property is well along the process of being subdivided into several streets of new residential sections – blending in seamlessly with the surrounding urban environment.
“The residential single house zoning of 939 Matakana Road is Auckland Council’s direct response to not only recognising that the industrial usage of this site is coming to the end of its life span as Matakana’s town boundary has expanded ever-further outward, but is also a solution for alleviating housing pressure in the region by making better use of land available in such a prime location.
“The obvious appealing aspects of this property for large-scale residential subdivision developers are firstly its position on the edge of Matakana township, and secondly its access off the arterial road. A raised hillside portion along the interior of the block also allows for the long-term potential creation of sections with elevated views – with potential to add a second vehicular access off Lady Haddon Place from an existing cul-de-sac.”
The block for sale at 939 Matakana Road sits diagonally opposite the town’s primary school, and is just a few hundred metres walk from the town’s retail centre – famous for its weekend markets.
Mr Blair said that the majority of the 939 Matakana Road site was leased - to Fletcher Building for its concrete manufacturing and distribution activities, and landscaping and nursery supplies business Tumbleweed Coastal Plants -through to 2029, delivering a combined annual net rental of $128,000 per annum.
Auckland Council population growth forecasts for the Greater Warkworth/Mahurangi Peninsula and surrounding settlements including Matakana, estimate the region will sustain 25,000 permanent residents by 2030.
Mr Blair said that the rate of the region’s population growth was expected to increase even faster with the expansion of State Highway 1 into a four-lane motorway running from Johnstone’s Hill tunnel overlooking Puhoi through to just north of Warkworth.
“Part of the wider upscaling of the transport network will also see an additional new road being built to directly link Matakana with State Highway 1 – bypassing its current connection to the motorway via Warkworth,” he said.
“Residential subdivision building in the region has been churning at full speed just to keep up with the population growth, and opening up of this prime block at 939 Matakana Road will go some way to helping deliver accommodation solutions to satisfy the on-going demand from section buyers.”