Waiwera Springs | Colliers NZ

International Expressions of Interest closing 4pm (NZST) Friday 10th June 2022 (unless sold prior).

Introduction

Colliers New Zealand is proud to present this once-in-a-generation opportunity to redevelop this coastal paradise capitalising on its therapeutic and thermal waters.

The time has come for Waiwera to be offered to the market via an International Expressions of Interest for either the joint venture redevelopment, long term ground lease or the outright freehold purchase.

At its maximised potential, Waiwera offers what no other property in New Zealand can; a coastal development of scale with the benefit of naturally heated geothermal water located within 45 minutes of Auckland’s CBD.

International Expressions of Interest for either the joint venture redevelopment, long term ground lease or the freehold purchase of this jewel in Auckland’s coastline.

Waiwera's History - The First Spa

The rich heritage and cultural background of Waiwera provide a significant context and sustainable point of difference to the precinct.

In the New Zealand context, the first commercial use of thermal springs occurred at Waiwera in the 1840s when Waiwera became recognised as the First Spa. Prior to this, the area was widely populated by Māori where the forests and coastal boundaries provided abundant marine resources.

Robert Graham, a Scottish immigrant recently arrived in Auckland, took shelter from a storm in the Waiwera estuary in 1842 and described seeing a considerable number of Māori on the beach digging holes in the sand and lying in the hot water. Graham noted the potential of the area as a tourist attraction and in 1844 returned to establish Waiwera as New Zealand’s first purpose-built tourist facility.

(Image by Auckland Museum via Wikimedia Commons Copywrite)

The Opportunity

Waiwera is offered to the market for sale in any combination of three freehold development parcels totalling 45,680 square metres.

At the core lies a thermal spa and wellness heritage that stretches back hundreds of years which will underpin the potential for a large scale, coastal residential and mixed-use development.

The favourable land-use zonings offer a blank canvas for a diverse range of uses and commercial activities, including residential development, health & wellness, retirement, tourism, hospitality, and visitor accommodation.

The potential to re-establish boutique bottling of a multi-award winning mineral water or the ability to utilise the unique geothermal aquifer located on-site is a significant point of difference. The ‘Waiwera’ brand is unique and valuable with the branding potential mirroring the value of the story itself.

The opportunities seem endless and the time is perfect for a new beginning at Waiwera where the spirit and value of this special place can be unlocked.

	Land Area (sqm)	Unitary Plan Zone
SITE 1: Former Hotel Site 41–53 Waiwera Road	10,603	Business (Mixed Use)
SITE 2: Former Thermal Resort Site 21–37 Waiwera Road	17,296	Business (Mixed Use)
SITE 3: Campground Site 37 Waiwera Place	17,781	Residential (Mixed Housing Suburban)
Total	45,680

Development Potential

Comprising 8 titles and totalling 45,680 sqm, the site lends itself to three clear development parcels (Site 1, Site 2 and Site 3), which may be acquired and developed together or separately.

waiwera dp section

With approximately 95% of practicably developable land in Waiwera on offer, the potential to transform and control the market is a strong attribute of this opportunity.

The properties are comprised of three Sub Precincts (further details available by request) which recognise the importance of Waiwera as a regional tourist attraction. The precincts allow for the development of commercial and residential activities, including a wide variety of tourist, wellness and recreational activities.

RESIDENTIAL

Residential (apartments, terraces, townhouses & retirement villages).

HEALTH & WELLNESS

Thermal mineral springs bathing, spa facilities wellness treatments, physical activities.

VISITOR ACCOMMODATION

Hotel, motel, serviced apartments, vacation ownership (timeshare, vacation club).

TOURISM

Domestic & international.

LEISURE & RECREATION

Thermal mineral springs bathing, wellness treatments, physical activity, coastal & outdoor pursuits & attractions.

FOOD & HOSPITALITY

Restaurant, delicatessen, growers' market, mineral water, brewery & distillery.

OTHER

Mineral water bottling, cultural and heritage exhibition & outdoor pursuits centre.

THE LOCATION

Waiwera is located 43 kms north of Auckland, and 5kms from the substantial seaside town of Orewa, at the mouth of the Waiwera River. Convenient access from Auckland to the south and Warkworth to the north is provided via the SH1 motorway and the Hibiscus Highway.

Across the river is Wenderholm Regional Park - Auckland’s first regional park, which attracts 350,000 visitors a year to its stunning beach adjacent to the Puhoi River.

Waiwera is part of the Mahurangi Coast ‘Hinterland’, a spectacular coastline running north to Waipu and containing many of the Auckland Regions most appealing beaches, rivers, wineries, and perhaps most significantly a series of coastal walks and bike trails. The Mahurangi Coastal Trail is a fantastic asset to the area and has proven extremely popular among people all over the Auckland region.

Waiwera Map

FIND OUT MORE

THE SALE PROCESS

The property is being marketed for sale by International Expressions of Interest closing 4pm (NZST) Friday 10th June 2022 (unless sold prior).

All enquiries, requests, information and arrangement of inspections are to be directed to the exclusive agents.

Blair Peterken

Director | Capital Markets
+64 21 421 426
Blair.Peterken@colliers.com

Josh Coburn

Director | Site Sales
+64 21 990 691
Josh.Coburn@colliers.com

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