Developers and visionaries have only been able to dream about the potential of the ex-Takapuna fire station property flanked by beautiful Lake Pupuke and Killarney Park. That is, until now.
After much anticipation, Andrew Bruce and Rob Meister from NAI Harcourts North Shore are proud to be exclusively marketing, for sale by tender, 41-43 Killarney Street on behalf of the New Zealand Fire Service.
The 4,737 square metre freehold property is now surplus to Fire Service requirements following the relocation of the Takapuna fire station to new purpose-built premises on Wairau Road. Proceeds from the sale will contribute towards the cost of the new Takapuna fire station and other planned construction such as the rebuild of Christchurch fire stations or the construction of a new station in East Coast Bays.
Andrew Bruce of NAI Harcourts North Shore says that with land and residential property supply in Auckland at critical levels, a high-quality residential development, in a world-class location like Takapuna, will be a perfect fit.
“With potential views over both Lake Pupuke and Killarney Park, the famous Takapuna Beach less than 1km away and a bustling café and bar precinct within easy walking distance, this stunning development opportunity is ideally suited to a quality multi-residence complex with a difference,” says Bruce.
Today’s market is characterised by strong economic growth, low interest rates and rising population numbers and residential property development is viewed as a sound long-term investment. Bruce says that with properties on the North Shore becoming increasingly difficult to come by, “a top-grade site of this size, located in arguably New Zealand’s most liveable suburb, is a rare thing and we expect interest will be high.”
Included in the sale are the former fire station and administration buildings. These consist of the original 1952 single storied fire station (134sqm), the larger multi-level 1959 fire station with accompanying training tower (1,530 sqm) and a 1972 fire training building as well as double garage in the north-western corner of the site.
Rob Meister of NAI Harcourts says that developers and buyers with creative flair may wish to consider converting these industrial-era structures to alternative type uses. “There is potential for those developers with imagination and creativity to utilise the existing buildings. These structures offer a unique opportunity in their own right. Interest for other uses such as medical centre, educational, art gallery, child care, boutique accommodation and community uses has been mentioned. Such uses would however require City Council consent.”
The near-rectangular shaped property features a wide frontage of around 80 metres and is bordered on two sides by Killarney Park. The southern end of Lake Pupuke lies less than 150 metres walk through Killarney Park.
High quality local schools, including Takapuna Normal Intermediate, Rosmini College, Takapuna Grammar, Westlake Boys’ and Girls’ high schools are within a short distance.
The land is currently zoned Residential 2B and ‘Mixed Housing Suburban’ under the Proposed Auckland Unitary Plan, the latter allowing more intensive development applying to selected areas that enjoy a high standard of natural amenity and seeking to ensure that these values are recognised and protected. Non-residential uses will require resource consent from Auckland Council.
Bruce says, “Takapuna is a highly sought after residential location that offers the perfect balance of outdoor lifestyle, restaurants and entertainment, retail shopping, weekend markets, business and commerce. This property, in this market, is a once in a lifetime opportunity.”
Tenders close at 4pm on Thursday, 9 April 2015, delivered to NAI Harcourts North Shore office at 128 Hurstmere Road, Takapuna. The property will not be sold prior to the tender close-off date.
NAI Harcourts North Shore is fast-becoming one of the North Shore’s premiere Commercial Property specialists having sold the iconic Hall’s Corner for $14.5 million, last year.
Earlier this month, NAI Harcourts was awarded International Member of the Year by NAI Global, in recognition of their growing success. NAI Harcourts is now represented in 61 locations nationwide.
For more information contact:
Andrew Bruce
M 0274 985 852
P 09 486 9205
andrew.bruce@naiharcourts.co.nz
Rob Meister
M 021 900 801
P 09 486 9260
rob.meister@naiharcourts.co.nz