STRATEGIC LANDHOLDING IN NEWMARKET
7, Edgerley Avenue, Newmarket, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 464.00 m²
- Land Area
- 716.00 m²
- Property ID
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Colliers International is pleased to have been exclusively appointed to present 7 Edgerley Avenue, Newmarket to the market. This is an outstanding opportunity to a acquire a superbly located, strategic landholding with significant future development potential.
7 Edgerley Avenue is perfectly placed to benefit from Scentre Group’s substantial redevelopment of the 277 Westfield Shopping Centre, which once completed will be the largest Westfield development in the Southern Hemisphere. An investment of over, $790 million set to transform Newmarket.
The subject property comprises a 716m² Business Mixed-Use Zone site located along the northern edge of Edgerley Avenue, Newmarket. The site forms a regular shaped parcel that slopes gently from street level towards the northern boundary. Improvements to the property comprise a 1980’s industrial workshop currently occupied by Newmarket Panel and Paint, providing low-medium stud warehousing with two levels of associated offices and amenities.
7 Edgerley Avenue offers buyers a short to medium term redevelopment opportunity to a higher yielding use which maximises the height limit (27m) and development controls associated with the Business Mixed-Use Zone.