Eight hectares of waterfront land is for sale at 29 Dinning Rd, Riverhead - identified by a red border.
Eight hectares of waterfront land is for sale at 29 Dinning Rd, Riverhead - identified by a red border.
What's on offer?
The property: Eight hectare waterfront site. Location: 29 Dinning Rd, Riverhead. Agency: Colliers International. Sales method: Private treaty closing July 23. Features: • Suitable for retirement village or aged care facility. • Waterfront riparian rights. • Quick access to Albany and Westgate. • Peninsula aspect increases water views. • In a high growth area earmarked for development.
A big waterfront property with riparian rights in Riverhead northwest of Auckland and suitable for a retirement village or aged care facility is on the market, offering a developer chance to secure a rare land holding in a high growth area.
"This beautiful property at 29 Dinning Rd is effectively a blank canvas awaiting development," says Shoneet Chand of Colliers International who, with colleague Tony Allsop, is marketing it for sale by deadline private treaty closing on July 23 unless it sells earlier by negotiation.
Chand says the eight hectare site encompasses a peninsula extending into the Rangitopuni Creek and would also be suited to a residential development.
The freehold site is just 15 minutes from Albany and 10 minutes from Westgate. It has good access, gentle contours and water views from most parts of the property. "The views, aspect, size, waterfront location and closeness to major transport routes make the sale of this property rare opportunity," says Chand. "It has a significant amount of water frontage due to its peninsula shape which gives it added appeal."
The property earns holding annual income of $36,400 net from a house on site and is within Auckland Council's Special Riverhead South development zone, which provides for future expansion immediately to the south of Riverhead township.
A portion of the waterfront land for sale at Riverhead.
Allsop says Riverhead is attracting the attention of commercial and residential developers because it has quick access to State Highway 16 linking to Auckland's western ring route. "This provides access to two major developing town centres, Albany and Westgate, within a 10-15 minute drive of the property."
He says the western ring route is a key transport link which is helping transform Riverhead from a sleepy rural and lifestyle locality to a new suburb of greater Auckland with residents in the area benefiting from many amenities within easy reach. "With the Riverhead area becoming more accessible, it is coming on to the radars of developers and owner-occupiers. Many businesses and residents have realised the attractiveness and convenience of the northwest as an ideal location for commerce and lifestyle."
Chand says the completion of the Waterview project connecting SH16 and SH20 will give businesses and residents in the Riverhead area a seamless motorway connection south to Manukau and north to Albany.
"The Waterview Connection will vastly improve connections between the northwest edge of Auckland and the rest of the region so there is no time like the present to acquire significant land parcels like this one, while they are still available," he says.
Allsop says growth trends in neighbouring Kumeu-Huapai further serve to demonstrate the appeal of the area.
"Kumeu with a major supermarket and the surrounding locality is growing fast, with commercial premises and subdivisions spreading out between Westgate and Kumeu.
Residents in the Riverhead area also have quick access to the boutique restaurants and shops in Kumeu along with the mall, community facilities and large format retail stores under development at Westgate."
Shoneet Chand of Colliers.
Allsop says the Auckland Council has identified the area as a key regional growth node in the Proposed Auckland Unitary Plan and is investing heavily in the northwest region to enable its development commercially to support Auckland's growing population as it expands westward.
"Demand for property in Riverhead has meant that lots in many subdivisions have already sold out," he says.
Riverhead was briefly a railway terminus in the 19th century, located at the eastern end of the isolated Kumeu-Riverhead Section. The line operated from 1875 and 1881 as a link from Auckland to the north, with Riverhead acting as the transition point from ferry to railway. When the North Auckland Line connected Kumeu with Auckland via rail in 1881, coastal shipping became unnecessary and the railway to Riverhead was closed.
Tony Alsop of Colliers.
Today Riverhead and neighbouring Kumeu-Huapai are a popular destination for day-trippers from Auckland, visiting the Riverhead Tavern, Hallertau Brewery and local wineries.
Allsop says 153 year old Riverhead Tavern holds New Zealand's second oldest liquor licence and played a part in the region's early development, with thousands using the wharf and hotel as the gateway north prior to the completion of roads and railway.
