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Rare development site in sought-after Saint Heliers

NZ_AucklandCBD_Communications_Rare development site in soughtafter Saint Heliers

A prominent corner property with a rarely provided zoning in Saint Heliers shapes as a highly desirable purchasing opportunity for developers looking for a versatile site in one of Auckland’s premier suburbs.

44-46 Long Drive, Saint Heliers is a high-profile 1,012sq m freehold site that is zoned Business – Neighbourhood Centre Zone under the Auckland Unitary Plan.

The site currently has two commercial tenants in separate buildings returning $41,400 plus GST in net annual rental income. One tenancy is month-to-month, while the other expires in May 2023 but a six-month early termination clause in favour of the landlord is in place.

Colliers Brokers Logan Roach and Gareth Fraser have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Thursday 2 December, unless sold prior.

Roach, Investment Sales Broker at Colliers, says this is one of the premier development sites to hit the market in sought-after Saint Heliers.

“It’s incredibly rare to see a site of this size and location with this unique zoning hit the open market in this tightly held part of the city,” Roach says.

“The property has been owned by the same owner for approximately 40 years. In that time, it has served the local community as a commercial hub, most recently by the renowned MEC Bikes, and a health store.

“With holding income on offer, this property is perfectly placed for the new owner to strategically plan their next moves.”

The site’s location means it is only a short walk to the beach and the popular Saint Heliers village that services locals with a number of popular hospitality options.

Roach says the regular-shaped site will provide exquisite views of Rangitoto Island and the Hauraki Gulf from the upper levels of any future developments.

“There is tremendous flexibility that comes with this site and it could be repositioned for a multitude of uses, including apartments and terraced houses, accommodation, office or commercial, and retail.

“Alternatively, the new owner may choose to add to the existing buildings on the site, which is possible due to the favourable site coverage.”

Fraser, Director of Investment Sales at Colliers, says Saint Heliers holds significant appeal to buyers given the scarcity of available land.

“Saint Heliers has long been established as one of Auckland and New Zealand’s most desirable suburbs,” Fraser says.

“Located only 10km from the Auckland CBD via the incredibly scenic route of Tamaki Drive, Saint Heliers has it all, including a picturesque beach, award-winning cafes and restaurants, alongside the best schools, parks, and amenities.

“Prime real estate has always been in high demand in Saint Heliers, and this has intensified with the Auckland Unitary Plan, with demand for land, terraced housing, apartments, and dwellings at an all-time high.

“We expect there will be significant interest in this property given the unique zoning for a prime corner section in one of the country’s most coveted suburbs that has vast development potential. All interested parties should do their due diligence and contact us immediately.”


Related Experts

Gareth Fraser

Auckland Director - Investment Sales

Auckland

Gareth leads Colliers International's Investment Sales team. The team operates across the entire Auckland market from four strategic locations; CBD (including city fringe), South Auckland (based in Highbrook), West Auckland (based in North West Shopping Centre) and North Shore (based in Takapuna).

This is a large team of brokers and support staff focussed on providing solutions to owners, investors, developers, owner-occupiers and tenants. It features a specialised site sales team focussed on residential land and development opportunites. Investment Sales also includes the syndication division, offerring proportionate ownership opportunities to investors on behalf of clients.

Gareth is also on the Executive Team for Colliers in New Zealand.

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Logan Roach

Broker

Auckland

Logan forms part of the Auckland CBD Investment Sales Team at Colliers International. Prior to Joining Colliers, Logan completed a Bachelor of Commerce from the University of Auckland swiftly moving into the role of Business Development Manager for New Zealand’s largest specialised waste & recycling equipment supplier. Utilising the skills obtained from this role, Logan now applies this knowledge to his strong interest of commercial real estate.

Logan places emphasis on creating and developing long lasting relationships by putting the needs of his clients first, to achieve the best possible results. He specialises in the Panmure, Glen Innes, Mt Wellington, Ellerslie, Greenlane and Eastern Suburbs areas.

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