Two neighbouring development sites in the West Auckland suburb of Hobsonville Point are available for purchase, giving developers the opportunity to acquire a significant parcel of freehold land in a rapidly growing area.
Spread across two titles totalling 29,973sq m, this is the final remaining property of scale that is primed for residential development in the area. 1 Launch Road spans 13,985sq m and 23 Launch Road totals 15,988sq m.
Vendor Auckland Council is motivated to sell these lots, which are zoned Residential – Mixed Housing Urban Zone under the Auckland Unitary Plan. They are being sold as a combined offering.
1 Launch Road is home to the Wasp Hangar, a 1,747sq m building that housed the Royal New Zealand Air Force’s Wasp Helicopter fleet between the 1950s and 1990s. As part of any sales and purchase agreement this building is to be retained and integrated into any future development.
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There is a 3,450sq m building at 23 Launch Road, which is currently tenanted by Yachting Developments Limited on a month-to-month basis, offering some holding income for the purchaser.
It is a vendor requirement and condition of sale that this building will be demolished as part of any future integrated development.
Located just 25 minutes north-west of Auckland’s city centre, Hobsonville Point has been transformed from its origins as a defence base in 2011 into one of the most desirable places for Aucklanders to live, work, and play.
This award-winning master-planned community offers residents and visitors access to an array of vibrant shops, cafes, and bars.
There are also local schools, parks, and leisure facilities that add to the appeal of the suburb.
Hobsonville Point is well served by transport links, including a commuter ferry that goes into the city.
Colliers Directors Josh Coburn, Blair Peterken, and James Appleby have been exclusively appointed to market the property for sale with the deadline for offers closing at 4pm on Thursday 18 September.
Coburn, Director of Site Sales and Capital Markets at Colliers, says these prime development lots represent an outstanding opportunity for a developer to deliver something of scale.
“These sites are the last chance for a buyer to secure a stake in one of Auckland’s most popular new urban areas that offers access to amenities, schools, and appealing recreational opportunities,” Coburn says.
“Given the requirements to preserve the Wasp Hangar building a developer has the chance to blend the history of the area into a development that will help shape its future.”
Launch Road is one of the key arterial routes that connects Hobsonville Point to the Catalina Bay precinct, a people-focused waterfront space that includes a farmers market, microbrewery, restaurants, and character office space.
The precinct offers direct access to the ferry and is a popular destination for locals and visitors.
Peterken, Director of Capital Markets at Colliers, says Hobsonville Point is an in-demand location and the mix of services and schools makes it a sought-after place for families and professionals.
“Hobsonville Point is expected to have more than 4,500 dwellings when fully built out and some core design principles have underpinned the success of the development such as a focus on walkable neighbourhoods and sustainable buildings,” Peterken says.
“The subject sites have fantastic exposure and offer approximately 950m of existing street frontage.”
Appleby, Director of Site Sales at Colliers, says there is some guidance in place around what a future development in this location may look like.
“Development considerations include responding to the challenges and opportunities of the site and the vendor has expressed a desire to see a range of housing typologies built, creating a broad range of options for future residents,” Appleby says.
“An opportunity like this one is rarely seen on the open market.”
- Supplied by Colliers
