Expect
Bayleys says four large subdivision sites it has listed on the outskirts of Auckland are a sign of things to come.
Thursday, September 25th 2014, 12:00AM
by The Landlord
Bayleys senior research analyst Ian Little said the four sites being marketed represented a clear escalation in the trend of Auckland’s urban expansion – with developers seeking large land blocks on which to build mid-size and large scale residential projects.
“Developers are keen to be involved in the wave of residential development identified under the Auckland Housing Accord which came into effect at the end of last year,” Little said.
“Large landholdings within the just-announced 80 Special Housing Areas identified under the accord are limited however. As a result, other vendors with landholdings elsewhere on Auckland’s urban fringe have taken advantage of the opportunity by offering alternative locations suitable for large-scale residential development. We’re not talking four or five houses on a couple of quarter acre plots – but many hundreds of dwellings.”
The sites are:
A 90 hectare development site in Redvale just north of the city - offering 59 sections in a staged development. The property borders onto the coastal WeitiBay subdivision where substantial sections have been selling with million-dollar price tags at a frantic pace.
• A 4300 square metre development site overlooking State Highway One just north of the city. The location is zoned ‘mixed housing suburban’ under the Proposed Auckland Unitary Plan – allowing for a density of one dwelling per 200 square metres.
• A 4.2 hectare rural property at Paerata near Pukekohe - classified under Auckland Council’ Special Housing designation within the Wesley zone which will contain some 4500 homes on completion.
A 3,694 square metre corner site in residential Papakura on the city’s southern fringe - with the potential to bulldoze the existing dated dwellings and replace them with multi-level terraced units on 200 square metre plots.
Three of the properties are being sold through tender, while the Paerata landholding has a price tag of $3.3 million plus GS
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