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33 sections placed up for sale by mortgagee

Contributor:
Fuseworks Media
Fuseworks Media

A substantial block of development land and up to 33 residential house lots in a coastal location on Auckland’s northern fringe have been placed on the market for sale in a mortgagee process.

The coastal sections and land sit on the headland between Okura and the Whangaparaoa Peninsula.

The first block being marketed for sale consists of a 33.5-hectare development site previously labelled as ‘Village 1’.

The bare land is zoned under multiple classifications - residential rural and coastal settlement zone, rural conservation zone, Weiti sub-precinct B and Weiti sub-precinct C. A resource consent is in place.

Meanwhile, the second offering being marketed for sale consists of up to 33 sections which are part of a 150-lot gated community subdivision. The sections range in size from 1,620 square metres to 2,000 square metres, and had previously been marketed for sale with price tags starting at close to $1million.

Land within the residential area is zoned residential rural and coastal settlement, and Weiti sub-precinct A.

The two areas within the greater Weiti locale are accessed by five kilometres of fully sealed asphalt roading running off East Coast Road in parallel with State Highway 1.

The Weiti valley surrounding the development land and residential sections for sale consists of native bush-clad hills, Department of Conservation reserves, protected wetlands parks, and rolling countryside.

The development land and sections are being marketed for sale either as one parcel or individually, by deadline private treaty through Bayleys Real Estate, with offers closing on November 6. Bayleys Auckland corporate projects director Gerald Rundle said the development land and sections were being sold as freehold records of title.

Bayleys Warkworth salesperson Michael Guy said the sections for sale were part of a coastal gated community where houses had already been built and more were under construction.

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