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More than 25 hectares of farmland between Woodcocks Road and the proposed Warkworth South development has gone on the market with Bayleys in the North.
Riverpoint Estate is at 127 Woodcocks Road and is bordered by the Mason Heights Gospel Hall Trust’s Brethren church and paddocks to the east, and the Mahurangi River to the west and south.
Bayleys’ commercial, industrial and development sales director, Chris Blair, says the future urban-zoned land has been identified for mixed housing in the 2019 Warkworth Structure Plan, giving developers, long-term investors and institutional buyers “a rewarding opportunity to unlock value through strategic planning and delivery”.
“Positioned on the doorstep of one of Auckland’s most dynamic satellite towns, Riverpoint Estate is a true ‘urban edge’ opportunity,” he says.
The site is opposite land bought by the Ministry of Education for a future new primary school and within easy reach of the Kowhai Falls shopping centre, Summerset Falls Retirement Village, Mahurangi College and the Woodcocks industrial area.
The rear of the land parcel backs on to the north-western edge of KA Waimanawa Ltd Partnership and Stepping Towards Far Ltd’s Warkworth South mixed-use development, which received consent last month for its private plan change application to develop around 1600 homes, parks, a retail/business centre and a public transport hub on land near Valerie Close (MM, Jun 9).
“While current wastewater servicing limitations impact immediate development timelines, the scale, zoning and strategic location of this landholding present a compelling opportunity for future-focused investors to secure a foothold in Warkworth ahead of planned infrastructure upgrades,” Blair says.
“Developers are pivoting towards opportunities where some heavy lifting is already underway. Riverpoint Estate, which combines future-ready zoning, strong locational fundamentals and potential for master-planned delivery, stands out in the current environment as a long-term development play.”
He adds that the land sale comes at a time when Auckland’s housing pipeline remains under pressure, with fewer new projects reaching the build and completion phase.
“Amid these market dynamics, large zoned or soon-to-be-zoned land parcels with scale and services are in short supply.
“Warkworth is rapidly transforming from a rural service town to a highly connected lifestyle hub. With public sector investment, private sector development and community infrastructure converging, Riverpoint Estate is ideally positioned for those looking to ride the next wave of growth in Auckland’s north.”
As well as the land itself, the three titles include a two-bedroom cottage, a 320sqm high-stud barn or workshop and a large open storage bay, which Blair says offer potential holding income or use during any planning and development phase.
Riverpoint Estate is for sale by tender, which closes this Thursday, June 26 at 4pm, unless sold prior.
