"While the trees on the property are not scheduled it would be very nice if the eventual developer considers retaining them as being of significance to the New Lynn community," says Battersby.
Dowling says the site offers a highly desirable location in a quiet neighbourhood, while also benefiting from high-density zoning and the amenities that come with being, "a mere stone's throw from the thriving town centre".
"With New Lynn becoming a highly sought-after area with strong growth and an influx of young families, this land parcel provides the perfect opportunity for any astute developer or land banker looking to take advantage of the area's demographic transformation," she adds.
"The exceptional site is earmarked for high density development and offers a range of options for developers, with scope for a master-planned, mixed-use project," says Dowling.
The freehold land is development-ready, having a 32m frontage to Delta Ave ensuring ease of access and high profile to the street. The agents say it is zoned as Terrace Housing and Apartment Building (THAB) under the Auckland Unitary Plan.
This enables building up to five, six or seven storeys in identified Height Variation Control areas, to achieve a transition in height from the centre to lower scale residential zones, says Dowling.
A market-driven, architectural-scheme plan has been developed (subject to council consents), providing an indication of what's possible on the site, she says.
"Strategically situated, the property is only a 300 metre walk to New Lynn Train Station and the wide range of shops and entertainment/cinema options available at Lynn Mall and 'The Brickworks' restaurant precinct. "With four primary schools within five-minutes' drive, in addition to multiple childcare and medical centres nearby, the property benefits from well-established local amenities and ongoing commercial redevelopment.
Dowling says at a time of limits on lending and capacity constraints in the construction market, the site goes a long way to reducing many of the development risks that can arise.
Phenomenal investor interest in recent years has made New Lynn an extremely attractive new city-fringe location, says Dowling.
"The current commute time via rail from New Lynn to the CBD is around 33 minutes and is expected to drop to around 26 minutes once the City Rail Link project is completed in around 2020. Couple this with the fact more infrastructure is planned for cycling and walking, the area offers great connectivity. This has been largely driven by Council's urban plan for New Lynn, which states that by 2030 it will be a sustainable, urban place centred on a world-class transit interchange capable of attracting and maintaining a population of 20,000 residents and 14,000 workers.
"With vendors cashing up for retirement, the sale represents an opportunity to develop a sought-after site with THAB zoning and capitalise on future plans for growth in this thriving metropolitan centre."
