One of the last remaining development sites of its kind in the high-growth location of Silverdale in Auckland is available for purchase. It will appeal to developers seeking a prominent landholding of scale for their next major project.
The 9.81ha site on Millwater Parkway is a blank canvas landholding and is strategically located in a corridor where development opportunities are becoming increasingly limited.
The property has multiple road frontages and is bordered by Millwater Parkway, Stella Maris Lane, and Totara Views Drive.
There is excellent access to local arterials, State Highway 1, and the Hibiscus Coast busway. Silverdale Mall and the suburb’s main commercial precinct are nearby, offering access to a broad array of retail and hospitality options, including big-name brands such as Farmers, Briscoes, and Rebel Sport.
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The Highgate Business Park, schools, medical centres, and community facilities are also conveniently located in the surrounding area. Silverdale sits approximately 35km north of the Auckland CBD, while Albany can be reached in approximately 15 minutes.
The property is zoned Special Purpose – School Zone under the Auckland Unitary Plan but is surplus to educational requirements, a critical step in ensuring the site can be re-zoned for alternative uses.
Colliers Directors Josh Coburn, Blair Peterken, and Matt Prentice have been exclusively appointed to market the property for sale via an expression of interest campaign closing at 4pm on Wednesday 10 June, unless sold prior.
Coburn, Director of Site Sales & Capital Markets at Colliers, says this property is one of the last remaining large, contiguous freehold sites within the Silverdale catchment.
“High-level economic and land use analysis undertaken for the wider site identifies the land as being suitable for mixed-use redevelopment or accommodating residential development supported by complementary commercial, retail, and service-based activities,” Coburn says.
“While purchasers are encouraged to undertake their own planning and technical investigations, the scale, location, and surplus nature of the land position Millwater Parkway as a highly credible candidate for re-zoning, allowing the new owner to maximise its value in the future.”
Millwater Parkway sits within the Silverdale/Millwater/Milldale growth corridor, one of Auckland’s most active residential expansion areas, that is underpinned by consistent population growth and increasing employment demand.
Independent economic analysis for the wider catchment highlights the compelling growth fundamentals.
Modelling across the next 30 years suggests growth of an additional 8,500 jobs and up to 13,000 new households that will drive projected annual population growth of 2.6 to 3.1 per cent, exceeding wider Auckland averages.
Silverdale’s ongoing growth during the past decade has seen greater commercial and industrial investment that has been driven by Auckland Council initiatives to unlock the value of the suburb.
Peterken, Director of Capital Markets at Colliers, says the subject site gives developers an outstanding opportunity to capitalise on the growth of this area.
“Multiple residential developments have taken shape in this busy corridor during the past few years as Auckland has sprawled north,” Peterken says.
“Improved access to the motorway network and enhanced bus services have strengthened the accessibility and connectivity of the area. There is also an array of services, shops, and everyday essentials that are readily available.
“Regional lifestyle attractions include Orewa Beach and Snowplanet, the country’s first and only indoor snow facility. Next to Snowplanet, there is also the Megazone Entertainment Centre that has laser tag, arcade games, and a flight simulator.”
Prentice, Director of Sales and Leasing at Colliers, says the Millwater Parkway site offers buyers the chance to deliver a coordinated, future-focused development that is capable of supporting the evolving needs of the wider Hibiscus Coast community.
“The property is well positioned to meet the ongoing demand for housing and local employment-generating uses, and aligns closely with Auckland’s long-term growth strategy,” Prentice says.
“This is an opportunity that will catch the eye of developers given its strategic location and significant scale.”
- Supplied by Colliers
