Sector
Building & Infrastructure
Project size
4449 sqm across two titles that could enjoy dual road frontage to Mountain Road and possibly a slip road. The mixed use zoning provides for residential activity as well as predominantly smaller scale commercial activity that does not cumulatively affect the function, role and amenity of centres. The zone does not specifically require a mix of uses on individual sites or within areas. There is a range of possible building heights depending on the context. Provisions typically enable heights up to four storeys.
Looking for
Buyer of the freehold site to develop residential housing, including Homestar 6 design outcomes and pedestrian access to the adjacent supermarket site.
Summary
The mixed use zoning provides for residential activity as well as predominantly smaller scale commercial activity that does not cumulatively affect the function, role and amenity of centres. The zone does not specifically require a mix of uses on individual sites or within areas.
There is a range of possible building heights depending on the context. Provisions typically enable heights up to four storeys. Greater height may be enabled in areas close to the city centre, metropolitan centres and larger town centres. Some street frontages within the zone are subject to a General Commercial Frontage Control.
New development within the zone requires resource consent in order to ensure that it is designed to a high standard that enhances the quality of streets within the area and public open spaces.
Panmure is a popular and sought after city fringe location with great public transport and a growing population
Economic profile of Panmure
Panmure is in the Maungakiekie Tamaki local board area of Auckland. A fast growing economic hub. The Maungakiekie-Tāmaki's economy is made up of largely professional, managerial, and technical jobs with a significant proportion of the types of jobs forecast to grow in the region, such as construction managers, business professionals, design and engineering professionals, and chief executives.
A prime location in one of Auckland's most up and coming city fringe 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 100,000 houses by 2040 to fulfil current and forecast demand led by population growth. Recent migration levels are now being replaced by returning Kiwis.
Invest Auckland Specialist
To find out more about this opportunity please contact Aldrin Thayalakal