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Mortgagee sale for development site at Gulf Harbour

A large-scale freehold development site within the well-established Gulf Harbour Marine Village precinct around 40km north of Auckland’s CBD has been placed on the market by mortgagee sale, with representative parties prepared to consider all offers.

The level-contoured 8,547sqm (approximately) site is legally known as Lot 3, Harbour Village Drive, Gulf Harbour, Whangaparāoa Peninsula and has broad frontage to both Harbour Village and Gulf Harbour Drives.

It is currently a largely-grassed open space at the headland of the canal, adjacent to the marina where Gulf Harbour’s main commercial and multi-level residential properties are located.

The site is zoned Business-Local Centre, a mixed-use zone that allows a wide range of uses including local retail, commercial services, offices, food and beverage, appropriately-scaled supermarket and residential accommodation with development typically up to four storeys.

While there has been talk of quite intensive development on this and two other contiguous sites in recent years, incorporating retirement apartments, an aged care home, ground floor retail and commercial space and underground car parking, action has not progressed beyond initial bulk and location plans.

Gerald Rundle, Sarah Liu, and Ben Clare of Bayleys are marketing the development site with vacant possession, via a tender campaign closing 4pm, 27th June.

With the new O Mahurangi-Penlink highway – linking State Highway 1 with the Whangaparāoa Peninsula, and bypassing Silverdale – expected to be completed in 2026, the Whangaparāoa Peninsula will become far better connected with the wider Auckland region, said Rundle.

“It is understood the additional route could reduce travel time to Auckland central by about 20 minutes during peak hours, providing a welcome second access route to the Whangaparāoa Peninsula, which is currently only accessible via Whangaparāoa Road, or by ferry to and from downtown Auckland.

“It will also cut the travel time to Albany and the rest of the North Shore, which is also a huge benefit for residents.

“Better access can only further enhance the already strong lifestyle and recreational advantages that the coastal suburb of Gulf Harbour offers, and underscores the value proposition of this bare land development site which could leverage off existing amenity as well as activating additional connection.”

Specialising in the wider Rodney area, Ben Clare said there is limited development land with scale available in Gulf Harbour, and prospective buyers can be encouraged by other significant projects planned for the area.

“Hopper Developments, responsible for much of the residential canal-side development in Whitianga, has intentions for a quality residential subdivision with scale on a parcel of land at Hobbs Bay Farm not far from the site we are marketing.

“That should give confidence to forward-thinking buyers looking to acquire land at Gulf Harbour.

“As to the best and highest use for the subject site, the zoning overlay allows for a number of development options.

“Potentially, it would suit a multi-unit residential apartment or accommodation facility with ground floor retail, perhaps a boutique retirement complex, or bespoke hospitality/commercial premises.”

The award-winning Gulf Harbour Marina is the largest privately-owned marina in New Zealand, popular for offering easy access to the islands of the Hauraki Gulf and for its comprehensive land-side marine facilities.

Nearby is Gulf Harbour Country Club, a world-class golf course with club facilities and the original home course of champion Lydia Ko.

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