A large development opportunity has presented itself totalling a substantial 14,033sqm site in up and coming suburb of Helensville in Auckland’s North West.
Colliers International brokers Ryan de Zwart and Craig Smith say the freehold property at 9-17 Mill Road offers unrivalled development potential with multiple future uses. It is for sale by deadline private treaty closing on 12 October 2016.
“This is a prime development opportunity situated in the heart of Helensville which is complemented by favourable zoning for future uses. This will be appealing to anyone looking to develop, sub-divide, or occupy,” says Smith.
The elevated site is located on Mill Road, neighbouring various businesses and services including Mitre 10, Placemakers, Helensville Plumbers & Supplies, Suzuki Bikesport, and Firestone Tyres, with residential dwellings on the eastern side.
“The property is in one of the West Auckland’ growth areas and currently sees 7,000 cars pass it daily, making it extremely desirable for developers interested in the retail, residential, childcare or industrial sectors,” says de Zwart.
The property is located approximately 45kms from Auckland CBD and about 40kms west of Albany Town Centre. “State Highway 16 passes through the town connecting it to Kumeu/Westgate in the south and Kaukapakapa to the north east, making its location desirable as a connector,” says Smith.
Current access is delivered to the site via a right of way off Mill Road and provides a wide road frontage of 75m. The property sits on the southern side of Mill Road, a main thoroughfare into Helensville Town Centre, and boasts a prominent road front position.
“Helensville is on the cusp of change. We seldom see sites of this calibre become available to the market, with such development potential, especially with the consideration of new zonings under the Auckland Unitary Plan,” de Zwart points out.
The current zoning is split between Retail/dwellings and Industrial and offers a uniquely large range of permitted activities. It is designated to become Town Centre and Light Industry once the Unitary Plan becomes operative.
“The objective of a Town Centre zoning is to create a network of centres which are the focus of commercial, residential, community and civic activities for the surrounding areas as Auckland grows up and out, with its projected population increase,” says Smith.
Town Centre Zone applies to suburban centres throughout Auckland, the satellite centre of Warkworth and Pukekohe, and the rural towns of Helensville and Wellsford. These centres are typically located on main arterial roads which provide good public transport access.
The site’s other zoning, Light Industrial, provides for general warehousing activities this includes light manufacturing, production, logistics, storage and transport.
It allows light industrial activities to locate and function productively within it and avoids activities that may diminish the efficiency and functionality of the area. This can include convenience retail that serves the local worker population, trade suppliers, service stations, motor vehicle sales and garden centres.
“The fact that the site offers two different zonings opens it up to a massive array of opportunities with a developer or owner-occupier being able to carve out exactly what they need out of it,” says Smith.
“Helensville retail, industrial and residential developments will benefit positively in capital gains, from strong growth of neighbouring suburbs, including Kumeu, Huapai and Riverhead which together are anticipated to grow by 9,200 dwellings and 3,600 jobs,” de Zwart points out.
“Future urban land in Whenuapai and Red Hills together approximately 20,000 dwellings and 9,700 jobs anticipated. In total, the North West can expect around 29,000 dwellings and 13,300 jobs over the next 30 years,” he says.