High profile Ellerslie development site

The freehold site for sale at 43 Wilkinson Rd, Ellerslie - identified by a red border.

A large and strategically-located development site, with resource consent in place for a multi-storey commercial building that will have high traffic exposure, has come onto the market in Ellerslie.

The property at 43 Wilkinson Rd in Ellerslie presents an opportunity for developers, owner occupiers, land-bankers and other purchasers who will recognise the value of the existing consent, says Gareth Fraser, Auckland investment sales director for Colliers International.

In conjunction with his colleague, Kris Ongley, Fraser is marketing the property for sale by deadline private treaty closing on Wednesday March 8 unless it sells earlier by negotiation.

"Few bare development sites in Auckland will have a profile as good as this city fringe property which offers excellent branding opportunities," Fraser says. "It borders both the Ellerslie-Panmure Highway and the State Highway One southern motorway where over 200,000 vehicles pass by every day."

He says the "added bonus" of the resource consent is based on a comprehensive commercial scheme for the property.

"The consent allows for a three-level commercial building with about 6000sq m of office space and 140 car parks. Plans have been prepared by Team Avery Architects and will be available to the purchaser. Significant earthworks have also been completed. This means a new owner could possibly commence development almost immediately.

"As such, this property represents an excellent chance for potential purchasers to secure a ready-to-go development opportunity in an established business area of Auckland that is seeing significant growth.

"Office stock in Auckland's city fringe is extremely limited and vacancy rates are the lowest seen in more than eight years. This is good news for landlords as upwards pressure is placed on rents across the board."

Ongley says the property is situated on a privately-owned section of Wilkinson Rd which is a pohutukawa-lined cul-de-sac adjacent to the Ellerslie on-ramp of the southern motorway.

"It has immediate access to the Ellerslie-Panmure Highway, the northern and southern motorways, as well as to Great South Rd and the Southern Corridor."

"The Southern Corridor and surrounding areas are ideal for companies who value CBD-quality premises with professional surrounds, excellent transport links and good connections to Auckland's industrial precincts and the airport," says Ongley.

"It also appeals to those owners or staff who live in the surrounding residential areas including Ellerslie, Remuera, Epsom, and the Eastern Bays."

Nearby key amenities and attractions include Ellerslie village, Ellerslie railway station and the Ellerslie Racing and Events Centre.

"Ellerslie village is an extremely tightly-held retail area that services the large surrounding residential catchment while Ellerslie overall is a highly sought-after business and residential location," says Ongley.