A substantial landholding comprising three adjoining titles in the East Auckland suburb of Pakuranga Heights is being presented to the market for sale and will catch the attention of buyers given it offers a combination of scale and flexibility in an established location.
151, 153, and 155 Gossamer Drive benefit from extensive street frontage, a gentle contour, and nearby access to key infrastructure services.
The total landholding measures approximately 3,104sq m.
This well-positioned asset offers immediate utility and long-term strategic value and could be considered by prospective purchasers as a future development opportunity, landbanking acquisition, incoming-producing investment, or substantial residential holding.
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Pakuranga Plaza, Botany Town Centre, schools, parks, and the nearby motorway network are all readily accessible, while the area is serviced by multiple bus routes. The Sylvia Park shopping centre in Mount Wellington is approximately 4.5km away, offering further retail and hospitality amenities.
The landholding is zoned Residential-Mixed Housing Suburban Zone under the Auckland Unitary Plan.
There are four tenancies across the three sites providing $141,180 in annual rental income.
Colliers Brokers Sam Hyde-Smith and Ryan Gibb have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 23 September, unless sold prior.
Hyde-Smith, Investment Sales Broker at Colliers, says it is incredibly rare to find a combined landholding of this scale within an established East Auckland suburb.
"The site offers key fundamentals that make it appealing for a significant development as it enjoys extensive road frontage and a gentle contour that aids efficient planning," Hyde-Smith says.
"The Residential- Mixed Housing Suburban zoning supports a range of future development outcomes. Preliminary planning and engineering investigations indicate this site has the potential to accommodate a multi-dwelling development, subject to detailed design, resource consent, and the relevant approvals.
"The mixture of existing fixed-term and periodic tenancies provides cashflow for the incoming purchaser while they strategically plan their future moves for the property.
"There is the potential that the property may be rezoned to Residential- Terrace Housing and Apartment Buildings Zone in the future under Auckland Council s proposed Plan Change 120 but nothing has been confirmed and buyers are encouraged to do their own due diligence regarding this."
Gibb, Investment Sales Broker at Colliers, says Pakuranga Heights is a suburb that is set to benefit from infrastructure investment and ongoing regeneration projects.
"The Eastern Busway development will enhance the connectivity of the area, while quality schools, supermarkets, shops, and eateries are all within easy reach," Gibb says.
"This evolving suburb is one of East Auckland s notable growth locations where nearby residential developments from the subject location are reshaping the area. Lloyd Elsmore Park and Tāmaki River are also popular lifestyle amenities for residents.
"Having the chance to acquire a landholding of this size that could be redeveloped in a range of different ways is an opportunity that is not to be missed."
- Supplied by Colliers
