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Prominent landholding available for development in sought-after Ellerslie

NZ_AucklandCBD_Communications_landholding available for development in soughtafter Ellerslie
A high-profile landholding primed for development in the affluent Auckland suburb of Ellerslie will provide a wide range of buyers with a site of scale for their next major project.

80 Cawley Street, Ellerslie is a 3,303sq m freehold site that is zoned Business – Mixed Use Zone under the Auckland Unitary Plan.

The property, which offers huge profile to Ellerslie and the Southern Motorway, is nestled among a range of prominent office and commercial developments, including the Central Park Corporate Centre on the opposite side of the motorway and provides excellent access to State Highway 1.

Future occupants will also enjoy favourable proximity to public transport with the Ellerslie train station less than 500m away and bus stops within easy walking distance.

The Ellerslie village, which has an outstanding mixture of cafes, restaurants, bars, and gyms is only a five-minute walk away, while Auckland’s CBD and New Zealand’s largest shopping centre Sylvia Park are both reachable within 12 minutes via car. The property is also conveniently located near a range of local schools.

Colliers Directors Jason Seymour and Blair Peterken have been exclusively appointed to market the site for sale by deadline private treaty closing at 4pm on Wednesday 6 July, unless sold prior.

Seymour, Director of Capital Markets at Colliers, says Auckland’s ongoing growth continues to create further demand for quality housing and office options.

“Auckland Council’s concentration on intensification rather than sprawl, articulated in the Unitary Plan and proposed law changes, demands a rigorous construction programme in the areas identified for growth,” Seymour says.

“Auckland’s housing shortfall is expected to intensify with an estimated 400,000 new homes required over the next 30 years.

“The population of Auckland is tipped to grow from 1.7 million to 2 million by as early as 2029 according to forecasting by Stats NZ, creating the need for further housing stock to be built and a site such as this one represents a prime opportunity for an intensive development.

“That ongoing population growth will also drive a greater need for office and light industrial space. Given corporate headquarters such as Mars, Restaurant Brands, Waka Kotahi NZ Transport Agency, Colgate, Bunnings, and Sealord are located nearby it shows this site is suitable for high-quality work environments.”

Peterken, Director of Capital Markets at Colliers, says it is rare to see such a large parcel of available land on offer in Ellerslie.

“Ellerslie is a desirable residential neighbourhood with highly favourable demographics and socio-economic characteristics, while also being a major hub of employment,” Peterken says.

“Within its primary catchment, the subject site has a current population of 14,055 and within its secondary catchment, a population of 62,079.

“The median household income in Ellerslie is significantly higher than the wider Auckland region. Census data indicates the median household income in the primary catchment is $110,372 compared to the Auckland average of $98,344.”

Peterken says there is significant growth potential that comes with a site of this scale.

“The Business – Mixed Use Zone will provide prospective purchasers with a wide array of options for the future, and they will be able to create a substantial development with generous height requirements that will cater to a range of needs,” he says.

“Sites of this nature in a popular suburb such as Ellerslie are rarely presented to the open market, and we’d encourage all interested parties to contact us promptly to ensure they can take advantage of this unique opportunity.” 

To view more investment opportunities use our property search here.

 


Related Experts

Jason Seymour

Director | Capital Markets

Auckland CBD

Jason has 29 years international experience in commercial sales, tenant representation, lease negotiation, corporate real estate strategy development, property management and building services design.

Jason joined Colliers International in 1991 to establish the engineering division in the Wellington office, and took on a national engineering role in 1993, incorporating the Wellington Property Management division in 1994. Jason transferred as a Director to the Colliers International Bangkok office in 1996, and in 1998 returned to Auckland to take up a role in commercial leasing brokerage, where he was consistently one of the top four leasing brokers in the market. In late 2005, Jason transferred to the Corporate and Institutional Sales team, specialising in sale and leaseback strategies, land development and large corporate sales.

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Blair Peterken

Director | Capital Markets

Auckland CBD

After more than a decade in Australia’s highly competitive commercial property sector, Blair joined Colliers International NZ as Director in the Capital Markets team in April 2017.

Specialising in the sale of larger commercial assets and mixed-use sites around New Zealand, Blair brings a high level of energy and diligence to the industry. His extensive knowledge and educational background ensures he is well-equipped in progressing and developing the Capital Markets team.

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Previous Experience

From 2014 – 2017, Blair was Director and Head of JLL’s South Sydney office where under his leadership, the company  grew from third to first in the South Sydney market in both leasing and sales. In 2015 he was the company’s highest fee earner across the Australian industrial business. Blair specialised in the sale and leasing of larger industrial and commercial assets including mixed-use development sites within the South Sydney market.

Prior to this he was Head of Industrial, South Sydney at CBRE. While at CBRE, Blair won the prestigious Circle of Excellence Award twice for his performances and was highest fee writer in the South Sydney office in 2012 and 2013.

Peterken’s top transaction while in Sydney  was the 2014 sale of a 4.9ha business park in Rosebery, South Sydney to Meriton Group  for A$190,000,000

His two biggest leases were the single largest leasing transactions in South Sydney in their respective years. In 2011, he leased a Goodman-developed, 12,400sq m warehouse and office in Mascot to logistics company Toll, and last year, he leased a Meriton-owned 22,000sq m site in Pagewood to WSI Logistics.

 

A selection of notable sale transactions:

  • Sale of St Kentigern Girls School, Remuera - $40,000,000 +
  • The General  Buildings, 29-33 Shortland Street, Auckland - $42,000,000
  • 110 Symonds Street, Auckland - $38,500,000
  • 1-55 Rothschild Ave, Rosebery - $190,000,000
  • Central Park Business Park,  Greenlane - $209,000,000
  • Bunnings Hamilton South - $25,100,000
  • The Warehouse, Blenheim - $16,380,000
  • NZI Centre, Auckland - $63,000,000
  • Royal Heights Shopping Centre, Auckland - $17,000,000
  • 75 Karangahape Road, Auckland - $23,300,000
  • 5 Nelson Street, Auckland - $9,000,000
  • 66-80 Broadway, Newmarket - $65,000,000

 

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