A highly visibly corner site in the sought-after central Auckland suburb of Ponsonby offers buyers the opportunity to acquire a development site with favourable zoning in a premium location.
19 Jervois Road, Ponsonby is available with vacant possession. The corner site spans 329sq m and is zoned Business – Town Centre Zone under the Auckland Unitary Plan.
The north-west-facing, regular-shaped freehold site has frontage to both Jervois Road and Deadwood Terrace providing it with significant road exposure, while being only minutes from Auckland CBD and Ponsonby’s popular shopping and hospitality destinations.
The property is well served by a number of bus routes and the motorway network is readily accessible, providing further convenience for occupants.
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Ponsonby is one of Auckland’s most loved and fashionable commercial precincts as well as an affluent residential neighbourhood.
Colliers Directors Jonathan Lynch and Ben Jamieson have been exclusively appointed on behalf of Eke Panuku Development Auckland to market the property for sale via deadline private treaty with the deadline for offers closing at 4pm on Wednesday 30 November, unless sold prior.
The property has been owned by Auckland Council for more than 40 years. In that time, it has served the local community as a commercial hub, most recently as Plunket rooms and a toy library.
As Auckland’s urban regeneration agency, Eke Panuku has a bold ambition to create amazing places and thriving town centres through high-quality developments, place-based programmes, and in-depth partnerships.
With this in mind, Eke Panuku would like to form a development partnership with any prospective purchaser of the property.
Lynch, Director of Investment Sales at Colliers, says the property can house a development up to 13m in height, while the flexible zoning provides buyers with a wide array of options.
“The Business – Town Centre Zone applies to suburban centres throughout Auckland, the satellite centres of Warkworth and Pukekohe, and the rural towns of Helensville and Wellsford. The centres are typically located on main arterial roads, which provide good public transport access,” Lynch says.
“The zone provides for a wide range of activities including commercial, leisure, residential, tourist, cultural, community and civic services, providing a focus for commercial activities and growth.
“Most centres are identified for growth and intensification. Expansion of these centres may be appropriate depending on strategic and local environmental considerations.”
Jamieson, Associate Director of Investment Sales & Syndications at Colliers, says it is incredibly rare to see a development site of this nature brought to the open market in Ponsonby.
“This is one of the most tightly held and in-demand locations across Auckland city given its affluent residential catchment and surrounding infrastructure,” Jamieson says.
“The property is near the famed Ponsonby Road, while Jervois Road extends into Herne Bay, which has long been considered one of the most popular retail and entertainment precincts in the city.
“Recently there has also been a growing trend towards mixed-use developments nearby, which has taken commercial activity to another level in the surrounding area.”
Jamieson says the high-profile location makes this one of the most appealing development sites available to purchase in central Auckland.
“The new owner will have a blank canvas in a prime spot to create a unique project that will add to the rich history of Ponsonby. We encourage all interested parties to contact us immediately to ensure they don’t miss out on this incredibly rare offering."
- Article supplied by Colliers
