A strategically located flat parcel of land in the West Auckland suburb of Te Atatū Peninsula is being offered to the market for sale giving developers the opportunity to acquire a prime site that is surrounded by amenities.
Sitting at 3 Pringle Road, the 6,929sq m freehold site is zoned Business – Town Centre Zone under the Auckland Unitary Plan. The zoning offers a 27m height overlay, leaving developers with a range of enticing options to explore.
With multiple street frontages, the landholding benefits from significant exposure and visibility, while shops, community facilities, and services are all only moments away, adding up to create a site that developers will covet as all the ingredients for success are in place.
Foodstuffs North Island is currently developing a New World supermarket in the neighbouring site, providing convenience for future residents at the subject location.
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Te Atatū Peninsula is a waterfront suburb that is surrounded by the Waitematā Harbour and offers extensive views of the city skyline, CBD, and the North Shore. The area can be reached from the centre of Auckland in approximately 15 minutes in normal driving conditions.
Colliers Directors Blair Peterken and Josh Coburn have been exclusively appointed to market the property for sale via an expression of interest campaign with the deadline for offers closing at 4pm on Wednesday 26 November, unless sold prior.
Peterken, Director of Capital Markets at Colliers, says the flat site benefits from its premium location that is near popular local cafes, bars, and shops.
“The site was purchased by vendors Foodstuffs North Island to enable the development of a New World supermarket next door.
"With the site cleared and the title reduced, this balance land is surplus to requirements, and now creates a dream residential development opportunity, where homeowners can enjoy a true, walkable location, with everything on the doorstep,” Peterken says.
“The high-profile landholding gives developers considerable freedom to explore numerous future possibilities in a location that benefits from its scenic outlook.”
Pringle Park Bowling Club sits over the road from the property, which adjoins Jack Pringle Park, a massive green space that also has basketball courts, a skate park, and playground. The local library is only a short walk from the property.
Adding to the nearby amenities is the convenience of multiple bus routes that provide connectivity around the city.
Coburn, Director of Site Sales and Capital Markets at Colliers, says given the site’s accessibility and proximity to services this development opportunity is one that warrants serious consideration.
“It is rare to find a parcel of land like this that is located in such a prominent position while also offering the mixture of favourable zoning, extensive road frontage, and surrounding amenity,” Coburn says.
“There are multiple primary and intermediate schools within 2km of the site, making this location highly desirable for families.”
- Supplied by Colliers
