INFORMATION MEMORANDUM - 31 Esplanade Road, Mt Eden - Auckland ...
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barfoot.co.nz/commercial INTRODUCTION Favoured by our client, Barfoot & Thompson Commercial are pleased to offer an opportunity to purchase the property at 31 Esplanade Rd, Mt Eden. For sale by Expressions of Interest • Approximately 2,600m² land closing at 4:00pm, 12 February • Existing Heritage church building 2020 at Level 3, 50 Kitchener Street, Auckland Central. • Council re-development consents Explore the options available here • Mixed Housing Urban zoning with this 2,600m² (approximately) • Surplus land available for development corner site in a prime Mt Eden location. Improvements include an original church • Some commercial uses available dating from 1900 and surplus land for • Vacant possession development. The church has a resource consent to convert into four apartments or will suit other uses. This Information Memorandum details the property. Should you have any The property provides a unique further queries, please contact the opportunity for developers, owner- exclusive agents. occupiers and specific interest groups to take advantage of all the hard work that has been done to date. Wayne Muir John Stringer Commercial Sales Commercial Sales M 027 828 1186 M 021 758 078 E w.muir@barfoot.co.nz E j.stringer@barfoot.co.nz SKCSIM-0007-1907 2
barfoot.co.nz/commercial EXECUTIVE SUMMARY Brief description Corner site in sought after location, approximately 2,600m² Mixed Housing Urban land occupied by Heritage B church with surplus land available for development. Legal description PT LOTS 16-17 DRO 1355 Certificate of title: NA567/297 Tenure Freehold Land area 2,600m² approximately Seismic rating 28% (refer appendix 4) Rating valuation $5,200,000 Land $5,000,000 Improvements $200,000 (as at 1 July 2017) Zoning Mixed Housing Urban Tenancy profile/ Vacant possession comments Rates $11,418.24 (year ending 30 June 2020) SKCSIM-0008-1907 3
barfoot.co.nz/commercial LOCATION The property is situated on a prominent corner site of Esplanade and View Roads in Mt Eden and is also close to the CBD via Esplanade Road, Mt Eden and Dominion Roads. The Property is located in Mt Eden in location characterised by strong capital the midst of a valued and sought after growth over recent years. Residential neighbourhood within a In a residential context, amenities walk of Mt Eden (Maungawhau) and the close at hand include both the Mt Village and is also close to the CBD via Eden and Dominion Road shopping Esplanade Road, Mt Eden and Dominion centres, a variety of schools (grammar Roads. zones), public transport (bus and Convenience to local facilities of rail) and recreation parks such as Mt shopping, respected Schools, public Eden Domain. The Auckland CBD is transport and recreation facilities approximately a 10-15 minute drive are a feature of the position which under normal traffic conditions. is becoming an increasingly valued SKCSIM-0009-1907 4
barfoot.co.nz/commercial SITE OVERVIEW Legal description The site plan prepared for the Resource Title Description: Consent application to Council by the Part Lot 16 and Part Lot 17 Deposited Architect for the conversion of the church Plan 1355 Title reference NA567/297. into 4 apartments (refer appendix 3 and Tenure Type: 6) shows the land area as 2,605m². Freehold Any buyer wanting confirmed areas and Registered Proprietor(s): dimensions should seek professional MTE 31 Limited. advice in this regard. The title is old (as attached) and has the Registered Interests: designation “limited as to Parcels”and 338445 Transfer of part of to The Mount therefore the area and dimensions are Eden Borough Council being a dedication not guaranteed under the Land Title as and for a public street. system and Barfoot and Thompson 11365109.4 Mortgage to Premier Legal Ltd provides no guarantee as to the Finance Limited Partnership - 19.12.2019 title details including land areas and at 2:47pm measurements. 11365109.5 Mortgage to FE Investments A formal survey involving a Registered Limited - 19.12.2019 at 2:47pm Surveyor and legal assistance will be 11651749.1 CAVEAT BY FEDERAL required if the designation is to be CAPITAL LIMITED - 23.12.2019 at removed from the title. 5:54pm. SKCSIM-0010-1907 5
barfoot.co.nz/commercial SITE OVERVIEW The land comprises approximately 2,600m² of Mixed Housing Urban zoned land in terms of the Auckland Unitary Plan. Size and contour The surplus land is capable of providing The site is rectangular in shape and falls multi units and re-purposing the St gradually in contour to the west. A large James Church for its existing use is also a Pohutakawa tree adjoining the footpath possibility. boundary is due to be removed. Please refer to the planning section and the A resource consent was granted in 2016 Plan co. Summary contained in appendix 8. for the conversion of the church into 4 This is a unique site and building and an apartments which recognises the Heritage identity in the Mt Eden location and is a classification and retains Historic features. rare offering. The zoning makes provision for a wide range of potential uses including Home occupations and various forms of Residential development and/or rental opportunities which can include higher density uses such as Travellers accommodation subject to design criteria approval. SKCSIM-0010-1907 6
barfoot.co.nz/commercial PLANNING REPORT Provided by Plan Co. (appendix 8) [rcp/dp] - 1899, St James Church and hall Site planning history underlying zoning. (former) In terms of recent planning history, Residential – Mixed Housing Urban Zone Site and planning summary • Overland flow-path resource consent was issued in 2016 for (MHU) the modification, restoration and partial The MHU zone envisages the following Plan Co. have been engaged to provide a In brief the quality sensitive aquifer demolition of the church to enable it to outcomes: brief planning summary of the subject site management overlay and the two volcanic be adapted for use as four apartments. The Residential - Mixed Housing Urban with particular regard to the status of the viewshaft and height sensitive controls Thereafter resource consent was sought Zone is a reasonably high-intensity southern part of the subject site previously have little bearing on the site’s future for the demolition of the church hall zone enabling a greater intensity of containing the old church hall building development being located on parts building. After this being refused by development than previously provided for. and future development opportunities. of the site that would generally not be Auckland Council in September 2017 the The subject site is zoned Residential – developed as they fall within the front yard Over time, the appearance of Environment Court on 14th December Mixed Housing Urban and subject to the setback requirement. Notwithstanding neighbourhoods within this zone will 2018 issued for resource consent for the following overlays and controls under the this, it is noted that the height control for change, with development typically up complete demolition of the building. A Auckland Unitary Plan (Operative in Part) development within the height sensitive to three storeys in a variety of sizes and final decision confirming this and the final (AUP(OP)): overlays is 9m without triggering a notified forms, including detached dwellings, conditions of consent was issued on 5th resource consent. February 2019. The final set of conditions terrace housing and low-rise apartments. • Natural Resources: Quality-Sensitive reflect that the building was badly fire This supports increasing the capacity and Aquifer Management Areas Overlay [rp] - Given that nature of future development damaged between the issuing of resource choice of housing within neighbourhoods Western Springs Volcanic Aquifer on site it is not envisaged that consent will consent for its removal and the final as well as promoting walk-able be triggered by the aquifer management • Natural Heritage: Regionally Significant neighbourhoods, fostering a sense of overlay with reticulated potable water conditions. It is our understanding that Volcanic Viewshafts And Height Sensitive community and increasing the vitality of being available from the street and storm- the conditions have all been met and Areas Overlay [rcp/dp] - E20, Mount centres. water already being disposed to ground. therefore there is no ongoing obligations in Eden, Viewshafts As such, the primary considerations for relation to this resource consent. Up to three dwellings are permitted as • Natural Heritage: Regionally Significant future development of the site would be of right subject to compliance with the Volcanic Viewshafts And Height Sensitive the underlying zoning and the Historic Development Opportunities standards. This is to ensure a quality Areas Overlay [rcp/dp] - E6, Mount Eden, Heritage Extent of Place provisions as well As outlined above there are four outcome fro adjoining site and the Viewshafts as the overland flow-path traversing the considerations under the Unitary Plan neighbourhood, as well as residents within centre of the site and the Auckland Wide informing the future development options the development site. • Historic Heritage and Special Character: provisions of the AUP (OP). These matters for the site. Each of these is discussed Historic Heritage Overlay Extent of Place are discussed further below. briefly below with primary focus on the SKCSIM-0019-1907 7
barfoot.co.nz/commercial PLANNING REPORT With this in mind it is clear that • Four or more dwellings applications. Therefore, in the majority of residential units, open space development in the zone is anticipated to of these cases the following will be the requirements, heights in relation to • Integrated Residential Developments generate a reasonable scale of intensity primary consideration for Council as part boundary etc. It is noted that for the (such as retirement village type living) for residential and non-residential uses, of a resource consent application process: first 20m of the church hall site from more so than what is currently seen on the • Supported Residential Care, Visitor Esplanade Road that an alternative height • Infrastructure & servicing site and within the local area. With this in Accommodation & Boarding Houses for in relation to boundary can be utilised mind the following activities are provided more than 10 persons (inclusive of staff • Effects on neighbourhood character, subject to Council approval. We would for in the MHU zone: and residents) residential amenity, safety and the be happy to discuss the controls in more surrounding residential area in relation detail if required. As of right (no resource consent required • Care centre for more than 10 persons building intensity, scale, location, form and subject to compliance with the relevant excluding staff Heritage Overlay appearance; traffic; design of parking and zone provisions) The church hall and the existing St James • Dairies, Restaurant and cafes up to access; and noise, lighting and hours of Church Building previously formed a pair • Up to three dwellings 100m2 gross floor area (one per site) operation. of buildings that were protected and • Supported Residential Care, Visitor • Community Facilities In our experience given the relatively subject to an Historic Heritage Extent of Accommodation & Boarding Houses for large number of non-residential activities Place. The resource consent issued for • Education & Tertiary Education Facilities up to 10 persons (inclusive of staff and approved throughout residential the removal of the church hall has not residents) • Healthcare facilities (different activity environments across the Auckland removed the extent of place and therefore statuses for facilities under and over Region, including day care centres, the entire subject site remains subject to • Care centre for up to 10 persons 200m2 gross floor area) medical centres, boarding houses, this overlay and consent requirements. excluding staff visitor accommodation and so on there Moving forward it may be considered • Veterinary Clinics • New buildings complying with the zone’s is no reason to suggest that subject that removal of the extent of place via standards As outlined above, where resource to addressing the above matters that a Private Plan Change is beneficial. consent is required for the activities a range of both residential and non- Alternatively the Council may also decide The following activities are provided for the success of any such application residential activities could be established that the removal of the old church hall site by the Unitary Plan zoning and therefore will come down to demonstrating that on the subject site. from the extent of place is required and can be considered as activities that adverse effects are avoided, remedied initiate this process, however for the time are envisaged for the zone subject to The size and scale of development and mitigated. In the majority of cases being consideration needs to be given to demonstrating that adverse effects are will largely be dictated by the zone’s the AUP usefully provides guidance on this overlay and the relevant provisions of avoided, remedied or mitigated: standards (development control) the main areas of consideration and chapter D17 of the AUP. in relation height, set backs, size Council assessment for these types of SKCSIM-0019-1907 8
barfoot.co.nz/commercial PLANNING REPORT In this case the most applicable provisions environment. This does not inhibit the • E27. Transport would be rules (A10) and (D17) of table site’s development and subject to the Such matters are largely technical D17.4.1 which relate to new buildings necessary engineering assessment and can be worked through at the with an extent of place of a category B this is an easily managed matter to be time of developing a concept use and place and subdivision of land within an addressed for any future development on development of the site. We would be scheduled extent of place. The primary site. happy to discuss these further at the considerations in both cases will be those appropriate time if required. relating to the impact on heritage values and ensuring that future development is Auckland Wide Provisions respectful of the known heritage values of As outlined above and as well as the Conclusion the site in relation to scale, location, design provisions discussed above, future and extent of works. Overall, we are excited at the prospect of development of the site will (potentially) seeing this prominent and important site Given that the AUP envisages future need to consider the following matters being utilised once again. The site has development within the site’s Extent of under the Auckland Wide Provisions of the a number of positive features (excellent Place and arguably the heritage values Unitary Plan: zoning, great location, consents in place of the former church hall are no longer • E7. Taking, using, damming and diversion for future development) and we anticipate a contributing factor to the extent of of water and drilling that subject to working through the place (this view is supplemented by the matters outlined above then there is no Council’s defence to retain the church hall • E8. Storm water – Discharge and reason why the site cannot be developed at appeal) then subject to appropriate diversion in a number of ways for both residential and sympathetic design with due regard • E12. Land disturbance – District and non-residential activities that would to the site’s history there is no reason to generally be supportable by Council. suggest that the church hall site cannot be • E17. Trees in roads developed in the future. • E23. Signs • E25. Noise and Vibration Overland Flowpath • E38. Urban Subdivision A small overland flow path traverse the centre of the site which is no unusual • E36. Natural Hazards and Flooding for large parts of Auckland’s urban SKCSIM-0019-1907 9
barfoot.co.nz/commercial SALES PROCESS For Sale by Expressions of interest 4:00pm, Wednesday 12 February 2020 at Level 3, 50 Kitchener Street, City (unless sold prior). Appendices Available on request Appendix 1 Certificate of Title 1 LIM Appendix 2 Zoning Information 2 Plan-4 Apartments Appendix 3 Approved Building Consent Planning of Four apartments 3 Resource Consent-4 apartments Appendix 4 Council Seismic report 4 Planning Co. Planning Summary Disclaimer Wayne Muir John Stringer Barfoot & Thompson and the vendor are not to be held responsible in contract, tort or in any other way for Commercial Sales Commercial Sales any inaccuracy in, omission from, or other defect of whatever kind contained in this information memorandum, and the recipient waives any rights which it might have now or in the future against Barfoot & Thompson or the vendor in receiving this memorandum. The recipient also acknowledges that Barfoot & Thompson or the M 027 828 1186 M 021 758 078 vendor do not give any warranties or other assurances regarding the correctness or accuracy of information E w.muir@barfoot.co.nz E j.stringer@barfoot.co.nz contained within this memorandum. The contents of this document do not form part of a contract. SKCSIM-0014-1907 15
barfoot.co.nz/commercial APPENDIX 1 Certificate of Title SKCSIM-0015-1907 11
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD Limited as to Parcels Search Copy Identifier NA567/297 Part-Cancelled Land Registration District North Auckland Date Issued 12 September 1933 Prior References DI 192.172 Estate Fee Simple Legal Description Part Lot 16 and Part Lot 17 Deeds Plan 1355 Registered Owners MTE 31 Limited Interests 338445 Transfer of part to The Mount Eden Borough Council being a dedication as and for a public street - 26.9.1941 at 11.10 am 11365109.4 Mortgage to Premier Legal Finance Limited Partnership - 19.12.2019 at 2:47 pm 11365109.5 Mortgage to FE Investments Limited - 19.12.2019 at 2:47 pm 11651749.1 CAVEAT BY FEDERAL CAPITAL LIMITED - 23.12.2019 at 5:54 pm Transaction Id Search Copy Dated 14/01/20 10:16 am, Page 1 of 2 Client Reference Commercial Register Only
Identifier NA567/297 Transaction Id Search Copy Dated 14/01/20 10:16 am, Page 2 of 2 Client Reference Commercial Register Only
barfoot.co.nz/commercial APPENDIX 2 Zoning SKCSIM-0015-1907 12
barfoot.co.nz/commercial APPENDIX 3 Approved Building consent Plans for 4 apartments SKCSIM-0015-1907 13
barfoot.co.nz/commercial APPENDIX 4 Council Seismic Report SKCSIM-0015-1907 14
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