A prime 3 hectare block of freehold land located in the heart of the Flatbush, is for sale. The property has stage one consent for a mixed-use residential, retail, commercial development covering approximately one third of the land area.
Jon Whisker of NAI Harcourts Auckland City is currently marketing 285 Murphy Road on behalf of the international owner who, due to a change of circumstances, wants the property sold. 285 Murphy Road will be sold by tender. Tender closes at 4pm on Thursday 9 April, 2015, and should be submitted to the offices of NAI Harcourts located at 18 Emily Place, Auckland.
Whisker says that with the first stage of the proposed three stage development for the land already resource consented, the property is now ready and awaiting a forward-thinking developer or investor to grab the reins and secure a stronghold in one of the city’s fastest growing areas.
“The vision for the first stage of this project is to create a high-quality mixed-use development incorporating 181 residential units, 2538 m2 of retail space, 999 m2 of commercial space, and 508 carparks,” says Whisker.
“The stage one ‘Ormiston Neighbour Centre’ will form a thriving centre for entertainment, shopping and socialising, for the residents of Flatbush. The purchaser, will have the opportunity to commence development as soon as the building permit is secured.”
The resource consent for the Ormiston Neighbourhood Centre enables the construction of two, four level buildings across approximately one third of the site.
Whisker says that there is enormous scope for further development for the balance of the land.
“Stage one is just the beginning for this property. The remaining two thirds (approx.) of the area can be developed to suit the buyer’s own vision.
“With an increasing number of families and young professionals buying homes in this area, the face of south-east Auckland is changing. A diverse range of people are now heading to this area looking for a better quality of life, good schools and value for money.
“The Auckland City Vision for this area is to have 36,000 people living in this location within the next 10 years, so we expect that demand for stage one residential and commercial interests will be strong enabling the buyer to leverage the financial returns from stage one to further develop the property.
“With the government’s mandate to increase the rate of residential developments, this area will grow into a bustling new town centre. It’s an incredibly exciting time for south-east Auckland.”
Flatbush is a new town built on 1700 hectares in south-east Auckland featuring five neighbourhood centres. The town has been developed with a strong focus on open spaces, high urban design standards and environmental sustainability.
Whisker says, “The fact that we have a block of land of this size, already consented, in an area that is growing at the rate that it is well, this opportunity can only be described as a game changer. The purchaser of 285 Murphys Road is going to realise enormous benefits as demand for property in the area grows stronger by the day.”
The consented area of 285 Murphys Road is zoned Flatbush Neighbourhood Centre Zone, with the remaining land zoned for Flatbush Residential 1, and falls under Local Centre Precinct zoning, which is intended to cater for a range of housing types including apartments through to larger family-sized terrace houses or freestanding homes. It is intended that maximum height allows for up to three stories.
285 Murphys Road is situated at the junction of two main arterial intersecting routes, Murphys and Ormiston Roads. Nearby schools include Ormiston Senior College, Sancta Maria College, Mission Heights Junior College and Tyndale Park Christian schools. A selection of shopping centres including Botany Junction, Botany Town Centre and Westfield Manukau City are within a few kilometres.