Hobsonville land could fetch $80m

Aerial photographs of Hobsonville Point development. Photo / Richard Robinson

More than 10ha of waterfront land at Hobsonville Point hits the market today and could fetch $60 million to $80 million.

Chris Aiken, Hobsonville Land Company chief executive, said a 77-berth marina, housing, shops, the hi-tech and education sectors, small to medium enterprise offices and artisanal businesses such as coffee grinders, organic food business and bakeries could be on the sites.

Bayleys are calling for tenders by February 18 and Mr Aiken said the land being sold could take up to 650 residences. "It's cliff edge, great views and it will have the highest value houses on it," Mr Aiken said. The vendor is the Hobsonville Land Company owned by Housing NZ.

"When this is finished, we will have at least 750 affordable houses here ... and at the moment, most of the houses built here are under Auckland's average house price, beneath $600,000. We're into the higher value precincts now," he said.

For sale is a 1.8ha site, The Landing, Sunderland B and Sunderland C.

Sunderland C is zoned for hundreds of apartments of three to five levels.

Critics say the roads are too narrow, the site is too far from the city, sections are too small and housing stock looks too much the same.

Mr Aiken said a ferry leaves from the point's terminal three times in the morning and three times in the evenings and values are rising fast.