A trio of sites for sale at a standout corner location are ripe for an intensive housing development in a west Auckland area targeted for growth.

The three adjacent properties at the junction of Lincoln Road and Te Kanawa Crescent, in Henderson, offer a combined land area of over 2,000 square metres. They are home to two tenanted single-storey houses and a commercial premises leased to a chiropractic business, each on a separate freehold title.

The three tenancies return a combined income of $100,840 plus GST per annum.

The flat central Henderson landholding is exposed to nearly 35,000 passing cars daily on Lincoln Road. The entire land area is identified for residential intensification as part of the Terrace Housing and Apartment Building zone under the Auckland Unitary Plan.

Buyers are now being offered the chance to buy one, two, or all three of the sites through Bayleys Real Estate.

The properties are being marketed for their exceptional potential for residential development, with the benefit of an existing holding income.

Alternatively, the sale presents an opportunity for owner-occupiers seeking to move their business to a commanding, strategically located corner site.

The properties at 30 and 32 Lincoln Road and 1 Te Kanawa Crescent, Henderson, Auckland, are being offered for sale through sole agents Tony Chaudhary and Beterly Pan of Bayleys.

They will be sold, together or separately, by deadline private treaty closing on Thursday 3rd July, unless sold prior.

The buildings with a total floor area of approximately 423 square metres are underpinned by some 2,011 square metres of land across three fee-simple titles.

The two homes at 30 Lincoln Road and 1 Te Kanawa Crescent each generate an income from residential tenants.

The single-storey commercial premises on the corner at 32 Lincoln Road are home to Adapt Chiropractic, a business with three clinics in Auckland and Wellington. This tenancy is well suited to future use by other medical operators, or as professional offices for the likes of accountants or lawyers.

“With their strategic location in one of Auckland’s growth areas, these properties offer a rare opportunity to create a dynamic mixed-use development that will cater to the demands of Auckland’s housing shortage,” Chaudhary said.

“Alternatively, with holding income in place, the site is also suited for owner-occupiers who would like to reposition their business on a prominent corner with enormous exposure to passing traffic on one of west Auckland’s key arterial routes.

“Whether you’re looking to establish your own business here or create a thriving residential complex, this site is well positioned to be maximised,” Chaudhary said.

The Residential – Terrace Housing and Apartment Buildings zone encourages high density urban residential living in the form of multi-unit townhouse and apartment developments.

Pan said the zone was generally located around metropolitan, town and local centres and the public transport network to support the highest levels of intensification.

“One of the most compelling selling points of the three Henderson sites is their well-serviced location within this zone – with easy access to public transport, the motorway network, WestCity Waitakere shopping centre, and Waitakere Hospital.

“They are extremely well located not only to Henderson Town Centre, a few hundred metres to the south, but also to the large surrounding residential catchments of Waitakere, Ranui, and Massey.

“The Sturgess Road and Henderson train stations are a short walk away. Lincoln Road, the main arterial route north of Henderson Town Centre, also provides ease of access to the Northwestern Motorway, and via the motorway to Auckland’s CBD and the wider region,” said Pan.