NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Property

Mortgagee sale to attract strong interest

By True Commercial
NZ Herald·
21 Jul, 2017 05:00 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The property at 117 Coronation Rd comprises 23 terraced homes and three undeveloped parcels of land. Photo / Supplied

The property at 117 Coronation Rd comprises 23 terraced homes and three undeveloped parcels of land. Photo / Supplied

A large residential development site in Mangere Bridge is being marketed by CBRE via a mortagee sale.

The 3.452ha partially developed block, at 117 Coronation Rd, comprises 23 terraced homes and three undeveloped parcels of land.

It is being sold by CBRE's Jonathan Ogg and John Bedford as sole agents and is offered for sale by mortgagee tender, by way of public tender closing on August 10.

Bedford says the property is expected to attract strong interest as one of the first mortgagee sales in the current cycle.

"This is a good opportunity to pick up a partially consented development, which is ready to go in phases, in a very desirable part of Auckland. With homes already built and a lot of the planning work already achieved, the site offers an immediate momentum and options for a staged project as the market demands."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Bedford says the site has easy access to the South-Western motorway, making the CBD about 20-minute drive away via the recently opened Waterview Tunnel and to the south: Auckland Airport is less than 10 minutes' drive.

"This site is tailormade for living, being within seven minutes walk to Mangere Bridge Village, with a great supply of cafes and local shops.

"The popular Mangere Bridge School only 500m away. There's no shortage of recreation opportunities either, with open green spaces around Mangere Mountain on the doorstep and walking tracks along the shores of the Manukau Harbour close by."

Advertisement
Advertise with NZME.

The site was believed to have previously been used for horticulture and quarrying, before being re-purposed for residential use in recent years.

There are 23 terraced houses built along with a landscaped community playground as part of the masterplan.

The remaining developable area is generally flat and spread over three lots, allowing a staged approach as needed.

Each lot is zoned mixed housing suburban allowing plenty of scope for medium to high density dwellings in a range of forms (apartments, detached and terrace houses).

• Lot 1 comprises 1.3108 ha of land located to the north of the completed first stage of the project and resource consent has been granted for a further 41 terraced style houses.
• Lot 2 is the largest development block at 1.5531ha and is immediately adjacent to Coronation Rd.
• Lot 3 lies to the south of the existing developed housing and offers a developable land area of 5881sq m.

Jonathan Ogg from CBRE says all three lots offer immense potential to make the most of planning to date, along with existing amenities and infrastructure delivered to the site.

"This is a spacious landscaped setting that offers multiple options and flexibility for an incoming investor or builder to hit the ground running and provide dwellings in a market starved of quality housing," says Og.

Two terraced style three-bedroom houses with 174sq m of land each are also included in the offering.

Ogg says the completed homes provide the opportunity to use one as a show suite and one as a site office for the ongoing development, or to dispose of them at the purchaser's discretion.

According to REINZ figures the average residential sale price in Mangere Bridge rose by 8.3 per cent in the year ended December 2016.

Advertisement
Advertise with NZME.

Bedford says with strong growth likely to continue there's much to like about the offering.

"Mortgagee sales of this calibre and potential are few and far between. Situated on a large site in such a high growth area, an incoming purchaser could take this opportunity and really make it their own."

Save

    Share this article

Latest from Property

Property

Should you stay put or sell up?

PropertyUpdated

'OMG, it was nuts': Buyer snaps up house within 24 hours of seeing it

02 Jul 07:30 PM
Property

Helicopter pilot's off-grid Taupō cabin draws international interest

02 Jul 07:25 PM

Audi offers a sporty spin on city driving with the A3 Sportback and S3 Sportback

sponsored
Advertisement
Advertise with NZME.

Latest from Property

Should you stay put or sell up?

Should you stay put or sell up?

Valocity CEO of Real Estate Helen O'Sullivan talks about the latest Real Estate data on Property with G.J. Gardner Homes.

'OMG, it was nuts': Buyer snaps up house within 24 hours of seeing it

'OMG, it was nuts': Buyer snaps up house within 24 hours of seeing it

02 Jul 07:30 PM
Helicopter pilot's off-grid Taupō cabin draws international interest

Helicopter pilot's off-grid Taupō cabin draws international interest

02 Jul 07:25 PM
South Auckland brick and tile home sells for over $1.7m after 100 bids

South Auckland brick and tile home sells for over $1.7m after 100 bids

02 Jul 05:30 PM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP