Albany expressway development site

The property at 178 Albany Expressway is identified by a red border at bottom right. Photo / Supplied

Agents say a 2033sq m development site for sale on the Albany Expressway represents a rare opportunity in the rapidly growing North Shore location.

NAI Harcourts commercial sales and leasing specialist Isaac Tankard is selling the freehold property at 178 Albany Expressway. It is due to go to auction at 6.30pm on July 26, unless sold earlier.

"Here is an ideal opportunity for a purchaser to secure a manageable development in the North Shore's highest and most exciting growth areas," says Tankard.

He lists the "multiple amenities within walking distance", which include Albany Village, Westfield Albany Mall, Albany Mega Centre, Massey University (500m away); QBE Stadium and the Northern Motorway.

"The vendor has completed the subdivision and is moving on — so this creates an opportunity for the eventual purchaser," says Tankard.

"Resource and building consent has been approved for a 120-child childcare centre and approval also granted for an 83-room hotel issued on the adjoining site, reflecting the range of development options available.

"Albany is an area of significant development interest to the Auckland Council, rezoned under the Unitary Plan to create a new city centre on the North Shore with high density and intensive commercial and residential use.

"Many owners and developers have already taken advantage of the changes including the recently completed Ramada Hotel, Rose Garden apartment development and the new four-story office development under construction at 84 Don McKinnon Drive," says Tankard.

"Special Purpose zoning in this area allows a wide variety of uses including recreation and entertainment, education, student accommodation, medical and commercial."