Apartment development in Takapuna

A high-quality apartment development in the sought-after North Shore suburb of Takapuna in Auckland is available for purchase.

Located at 32-34 Tennyson Avenue, the Loxley Apartments comprise two five-storey buildings (Building A and Building B), which are both serviced by lifts.

They collectively provide 46 residential units with a mix of one, two, and three-bedroom layouts ranging in size from 51sq m to 137sq m. The properties are being sold in one line.

All apartments are finished to a superior standard, including Bosch appliances, and future residents will have access to a shared rooftop terrace located on the top floor.

Secure basement car parking is provided across two levels, accommodating 43 vehicles, including 12 stacked spaces, along with 52 storage lockers.

Upper-level units benefit from unobstructed panoramic views, including southerly vistas across the Waitematā Harbour towards Auckland’s city skyline.

The modern apartments are situated on the southern side of Tennyson Avenue, benefiting from a quiet, no-exit street setting.

The property is within walking distance to Takapuna’s main town centre, which offers a wide range of services and amenities, along with a large catchment of employers.

State Highway 1 is nearby and Auckland CBD can be reached in 12 minutes or less during off-peak conditions.

The fully consented buildings can be sold with or without Code Compliance Certificates in place.

Colliers Directors Josh Coburn and Shoneet Chand have been exclusively appointed by the Mortgagee to market the Loxley Apartments development for sale via deadline private treaty closing at 4pm on Thursday 10 July, unless sold prior.

Coburn, Director of Capital Markets and Site Sales at Colliers, says prospective purchasers have the opportunity to acquire high-quality residential apartments and given it is a mortgagee sale, all genuine interest will be considered.

“We have a motivated vendor that is keen to see a deal done.

"Because it can be sold as a completed or uncompleted development the new owner will be able to capitalise on this,” Coburn says.

“There is an excellent mix of units within the development and there is scope for it to be positioned as a build-to-rent facility, which is a housing product that is quickly gaining popularity based on the freedom it provides residents.”

The location of the apartments mean they are zoned for reputable schools at junior and secondary levels, including Takapuna Grammar School, Takapuna Normal Intermediate, and Westlake Girls’ High School.

Central Takapuna is an area that has benefited from significant investment during the past decade with improvements made to the green spaces, shopping options, and more residential apartment developments taking shape adding people and vibrancy.

Data from Infometrics notes Takapuna’s economy grew by 3.8 per cent in 2024, ahead of Auckland’s growth of 2.1 per cent and nearly three times New Zealand’s national growth of 1.4 per cent.

Local businesses operate in industries such as IT, health, financial, and professional services. Takapuna also benefits from access to multiple bus routes that provide convenience and connectivity.

Chand, Director of Investment Sales at Colliers, says the revitalised town centre, access to the popular local beach, and enticing hospitality options all contribute to Takapuna’s ongoing appeal.

“The upgrade of Hurstmere Road, the main shopping strip in Takapuna, has made the location more people friendly and accessible. This area can be reached in about 15 minutes via foot from the Loxley Apartments,” Chand says.

“This purchasing opportunity presents buyers with the chance to secure a brand-new medium-rise apartment development in a prime location in one of the most popular suburbs on the North Shore.”

- Supplied by Colliers