"This substantial landholding is centrally positioned on Auckland's North Shore, close to Takapuna and Milford beaches and only minutes from the motorway interchange.
"It is a short walk from Takapuna's flourishing town centre, which offers abundant shopping, dining and entertainment opportunities.
"More than 50 bars, cafes and restaurants are nestled among the boutique shops, national retailers and offices that make up Takapuna's main commercial strip.
"Other amenities in the area include North Shore Hospital, numerous specialist medical facilities, sports clubs and some of Auckland's best schools.
The 22,343sq m site is zoned for significant residential development under the Auckland Unitary Plan, which is operative in part.
Jason Seymour of Colliers says the Smales 2 Precinct applies to a 4.8ha block of land on the southern side of Northcote Road, fronting Lake Pupuke.
"The southwestern end of the site, which comprises a former quarry, is zoned for commercial development. The vendors are retaining ownership of this land. The northeastern end of the site, which comprises the lakefront land for sale, is zoned for mixed suburban housing.
"Sub-precinct planning rules aim to encourage the coordinated development of quality, intensive housing that takes advantage of the site's lakefront aspect.
"At the same time, the rules aim to retain the special character and amenity of Lake Pupuke, with minimum setbacks, height controls and density requirements along the lakefront edge of the site."
Developers will need to prepare a concept plan at a sub-precinct level before land use, development or subdivision can commence.
"The vendor is open to flexible terms to give the new owner time to carry out the planning and consenting process," Seymour says.
Richard Kirke of Colliers says Takapuna is a popular Auckland coastal location offering easy motorway access, a great lifestyle and many vibrant business centre.
"Demand has long outstripped supply and vacancy is at an all-time low, due to the suburb's enviable mix of business and leisure, which make it a desirable place to live and work."
The property is a short drive from Auckland's CBD at off-peak times, while main arterial and public transport routes along nearby Taharoto Rd offer easy access to the rest of the North Shore.
"Lake Pupuke is a well-used and picturesque recreational destination between the affluent North Shore suburbs of Takapuna and Milford," Kirke says.
"The freshwater lake is within a volcanic basin, formed some 150,000 years ago. Popular activities on the lake include rowing, kayaking, canoeing, sailing, diving and fishing."
The North Shore Canoe Club and North Shore Rowing Club occupy a clubroom at the end of Northcote Road, next to the site for sale.
Numerous parks and walkways are dotted along the lakefront, including Henderson Park, Sylvan Park and Kitchener Park.
One attraction of note is the Pumphouse Theatre, in Killarney Park, which occupies an old brick pumphouse that once provided water to the area from Lake Pupuke.
Popular attractions in the wider Takapuna area include the Takapuna Night Market, indoor and outdoor theatre, and Takapuna Beach itself.
Auckland Council is committed to Takapuna's growth, with the Unitary Plan earmarking the suburb for priority investment over the next 10 years.
The Takapuna Business Association is also a strong advocate for local business, having driven a number of redevelopment projects and initiatives.
The association supports and funds community events and initiatives that have injected new life into the coastal suburb.
All of this public and private investment aims to cement Takapuna as a vibrant business, retail and residential centre well into the future.
