Sector
Building & Infrastructure
Project size
56,143 sqm multi-title site. Heritage significance status on Wasp Hangar building, existing development agreement with Kainga Ora requiring part of Megalot 6A-2 to be set apart as public open space/reserve.
Existing expressions of interest include:
- Auckland Community facilities wishing to lease 6A-2 for indoor sporting facilities
- Ministry of Education interested to acquire Lot 5 for Education purposes
- Kainga Ora interested to acquire Megalots 5-6C (whole site) for residential development and carparking facilities
- Existing lease with Yachting Developments Limited on Megalot 6B. Current expiry date is October 2020, discussion underway to possibly extend.
Looking for
Buyer of the freehold site to develop mixed use retail and residential apartments and terraced housing, including Homestar 6 design outcomes as well as educational and community facilities.
Summary
Zoned mixed housing -urban, this zoning primarily provides for development typically up to three storeys in a variety of sizes and forms, including detached dwellings, terrace housing and low-rise apartments. This supports increasing the capacity and choice of housing within neighbourhoods as well as promoting walkable neighbourhoods, fostering a sense of community and increasing the vitality of centres.
Up to three dwellings are permitted as of right subject to compliance with the standards. This is to ensure a quality outcome for adjoining site and the neighbourhood, as well as residents within the development site.
Hobsonville Point is a popular and sought after West Auckland location with great public transport and growing population
Economic profile of Hobsonville Point
Proportion of filled jobs by ANZSIC 1-digit industries, 2019
A prime location in one of Auckland's newest West Auckland suburbs
The residential property market in Auckland continues to go from strength to strength despite the economic impacts of COVID19 and the public health response, with median house prices rising 16% to an all time high of $950,000 by July 2020. Auckland is still in need of 300,000+ dwellings by 2050 to fulfil current and forecast demand led by population growth. Recent migration levels are now being replaced by returning Kiwis.
This site is in a key area for growth as its zoning designation typically enables buildings up to four storeys high, enabling residential use at upper floors.
Invest Auckland Specialist
To find out more about this opportunity please contact Aldrin Thayalakal