"Due to a change of circumstances the international owner wants the property sold," says Jon Whisker of NAI Harcourts Auckland City who is marketing 285 Murphys Road for sale by tenders closing at 4 pm on Thursday April 9 at the agency's 18 Emily Place office in Auckland.
"The property is ready and awaiting for a forward thinking developer or investor to grab the reins of this Ormiston Neighbour Centre project that has been planned to form a thriving Flatbush hub for entertainment, shopping and socialising.."
Plans call for the creation of a high-quality, mixed-use development encompassing 2538 sq m of retail space, 999 sq m of commercial space, 181 residential units, and 508 car parks.
"The purchaser can commence development as soon as the building permit is secured," Whisker says.
He says the consent enables for the construction of two, four-level buildings across about one third of the site.
Whisker says there is enormous scope for further development for the balance of the land.
"Stage one is just a beginning for this property with the remaining two thirds of the property available for development to suit the buyer's own vision.
"Auckland City's vision is to have 36,000 people living in this location within the next 10 years, so we expect demand to be strong - enabling the buyer to leverage the financial returns from Stage One to further develop the property."
Flatbush is a new town built on 1700 ha in south-east Auckland featuring five neighbourhood centres. The town has been developed with a strong focus on open spaces, high urban design standards and environmental sustainability.
Whisker says the consented area of 285 Murphys Rd is zoned Flatbush Neighbourhood Centre Zone with the remaining land zoned for Flatbush Residential 1. "It falls under Local Centre Precinct zoning which is intended to cater for a range of housing types including apartments through to larger family-sized terrace houses or freestanding homes and permits a maximum height allowing up to three stories."
The property sits at the junction with the main arterial Ormiston Rd. Local schools are Ormiston Senior College, Sancta Maria College, Mission Heights Junior College and Tyndale Park Christian School while nearby shopping centres include Botany Junction, Botany Town Centre and Westfield Manukau City.