Kingsland villas with ‘good bones’ for commercial development
Potential redevelopment site 13 & 15 Kingsland Terrace.
A Kingsland city fringe property occupied by two villas on a combined site totalling 744 sq m is being marketed as an ideal site for commercial redevelopment.
“The property has been used by the Framework Trust for many years and provides a purchaser with the opportunity develop the properties into commercial buildings or into a larger scale residential complex,” says Cam Paterson of Barfoot & Thompson Commercial who, with colleagues Matt O’Rourke and Ryan Harding, is marketing for sale by tender closing Thursday, February 12.
Tenders for both properties, or for the individual freehold sites, can be submitted to Barfoot & Thompson City Commercial, Level 3, 50 Kitchener St, in the Auckland CBD or to Barfoot & Thompon’s office at 533 Great North Road, Grey Lynn.
“These two solid villas with a sunny northwestern aspect have stood the test of time and are close to Kingsland shopping centre and good public transport links,” Paterson says.
He says the property at 13 Kingsland Terrace on a 372 sq m site comprises a basic turn of the century villa with four bedroom accommodation and a floor area of about 112 sq m. The internal layout incorporates two double bedrooms across the front, two single bedrooms down the left hand side, a lounge, open plan kitchen, dining area, and laundry, bathroom and toilet to the rear
The single bay villa at 15 Kingsland Terrace, also on a 372 sq site, was constructed around the turn of the last century, and features basic three bedroom accommodation with a 130 sq m floor area. The main entrance is via the front elevation and into a hallway affording access to two double bedrooms and a bathroom to the rear. The front entrance leads to a hallway providing access to two double bedrooms and a bathroom to the rear. At the right front is a lounge, followed by a dining room and kitchen to the rear, which affords access to a third bedroom, laundry and water closet. Other improvements include a sleep-out at the rear.
Both villas are constructed of weatherboard with galvanised iron roofing and are being sold with vacant possession.
The two almost rectangular sites have a frontage to Kingsland Terrace of 12.19 m and perpendicular side boundaries of 30.48 m.
“In general the properties are in average condition providing ‘good bones’ for possible upgrades for commercial purposes or for rental accommodation,” Paterson says.
Kingsland Terrace is a small cul-de-sac running east west off Central Road about 100 metres from Kingsland village with pedestrian access to Bond Street.
“This location offers excellent access to major arterials and bus routes and is close to the Kingsland train station providing easy hassle free access to the CBD and Newmarket,” Paterson says.
“The surrounding residential area has seen significant growth in both housing value and density boding well for the future development prospects of the property.”
Under the Operative District Plan the Mixed Use zoning of the property allows for a development of up to 15 m in height from street level and a density of two-to-one floor area ratio and up to four-to-one with bonuses
“However, the Proposed Unitary Plan shows a Mixed Use zone usually providing for 16.5 metres but in this instance restricting building height to 12.5 metres. Due to the reduction in the height allowance it would be best for a developer to submit for consent before the Unitary Plan comes into effect,” Paterson says.
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