A prime section of land in a newly-created Special Housing Area in South Auckland has been placed on the market for sale, presenting extensive opportunities for an investor or developer.
The freehold block comprising 4.23 hectares and a four-bedroom house is located at 933 Paerata Road in Pukekohe, one of the country’s fastest growing areas. The section of land is situated in A Special Housing Area (SHA) - a location identified for fast-track development to boost Auckland's housing supply.
The property has been placed on the market for sale with Bayleys and is being marketed by salespeople Ben Jameson and Rebecca McEntee via an auction process on September 1. It has a Government Valuation of $1.1 million.
The recent rezoning of the area, including the section, allows for greater development options, said Mr Jameson.
“This property sits adjacent to Wesley College and is part of the Wesley SHA - an area which has been approved for rezoning as Mixed Urban Housing,” he said.
“The proposed Wesley SHA development is for a minimum of 4500 new homes over a period of 15 to 20 years, including mixed housing, terrace and apartment living, and will also create employment opportunities and schooling.
“Approval has been given for minimum lot sizes of 300sqm, with 1000 residential houses proposed for the first stage of the Wesley SHA development.”
As part of the council’s vision of Auckland being the ‘world's most liveable city’, the aim of the development is to establish ‘an accessible community that offers residents access to quality connected, open space, a commercial centre and a heart that builds on the history of the Wesley College’, according to council documents. The Wesley local town centre precinct will be developed between the Wesley College buildings and Stay Highway 22.
The new block up for sale features a 171sqm, four-bedroom house with a large office/ second lounge area, open plan kitchen and family area, double garage and sheds and grazing opportunities for stock.
The section is gently contoured land. Under the criteria for the proposed Special Housing Area development, the property could be subdivided into an estimated 45-75 sections. Located in Paerata, this section is in a highly desirable area only minutes from Pukekohe - of New one of Zealand's fastest growing areas - with easy access to the motorway and nearby townships of Drury, Pukekohe and Papakura, said Ms McEntee.
“Close to the southern motorway and within commutable distance to Auckland CBD and Auckland International Airport, this section is well connected and is in a sought-after lifestyle area.
“There are several public schools in the area close to Paerata including; Pukekohe Intermediate, Pukekohe High School, Wesley College, Rosehill College, Paerata School and several other primary schools in Pukekohe and the surrounds. Private school buses travel the area to Auckland’s private colleges and Papakura train station provides a regular service for commuting to Auckland CBD including Saint Kentigern’s, Kings College, St Cuthbert’s, and Diocesan Schools.
“This is a prime development opportunity for an active investor or as a land banking option,” said Ms McEntee.
When development of the Special Housing Area is completed Wesley College will relocate within the district but will remain involved in the project throughout its 20 to 30 year course, as the school owns the majority of the land involved, said the council documents.
“This section offers an astute developer or investor the ability to secure an attractive piece of land in a highly sought-after, accessible and popular location, with opportunity for development,” said Ms McEntee.