An exciting opportunity for purchasers to secure a significant and strategic development site in an established and highly considered suburb of Auckland. These three standout properties are situated in the heart of Auckland’s vibrant city-fringe suburb of Onehunga, alongside intensive residential and on the fringe of commercial activity - making for an ideal hub for those seeking a blend of urban living and business convenience. Early childhood centres, primary and secondary schools, and recreation amenities are practically on the doorstep. The three near-level sites together comprise a total land area of 2,329sqm (more or less).
Onehunga has undergone notable change over the past few years as house prices and rents have risen at a rate above Auckland’s citywide average. Located close to Auckland’s CBD, Onehunga has a distinctive character, boasts excellent proximity to major retail centres, and provides easy access to public transport connections including motorways, trains, and the airport. A mix of public and private sector developers continue to invest in the location.
The Residential – Mixed Housing Suburban zoning under the Auckland Unitary Plan opens the door for significant re-development of these traditional single-dwellings on good-sized freehold sections to meet market demand for the popular terrace, duplex and standalone house typologies.
The possibilities for these three properties extend to their size, layout, and design potential. They represent a standout opportunity for property developers, active add-value investors, future owner-occupiers, cashed-up land bankers, and trusts with the financial resource and vision, through greater housing intensification, to extract the value from the location and additional potential offered by the current zoning.