Whitby Heights INFORMATION MEMORANDUM - Whitby Land
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INFORMATION MEMORANDUM
Whitby Heights
JULY 2017
2 Colliers International - Whitby Heights
3 Colliers International - Whitby Heights
Contents 4 Colliers International - Whitby Heights
01 02 03
EXECUTIVE LAND LOCATION DETAILS
SUMMARY DETAILS & DEMOGRAPHICS
Page 6-7 Page 8-9 Page 10-17
04 05 06
WHITBY HEIGHTS REASONS TO OTHER BLOCKS
SUMMARY PURCHASE AVAILABLE
Page 18-19 Page 20-21 Page 22
07 08 09
THE OTHER SOURCES DUE DILIGENCE
COMMERCE OF INFORMATION INFORMATION
Page 23 Page 25 Page 26-27
5 Colliers International -Whitby Heights
01 EXECUTIVE SUMMARY Your opportunity to buy one of the last remaining blocks in Whitby, with resource consent imminent for 104 residential sections. 6 Colliers International - Whitby Heights
Executive Summary Contact Details
Colliers International has been appointed to sell Section 13 SO 475749 Kieran Lennon Tim Julian
CT 699054 (“Section 13”) Whitby Heights, Porirua, Wellington. +64 21 137 1472 +64 21 488 029
kieran.lennon@colliers.com tim.julian@colliers.com
The property is being offered for sale by Tender closing 3pm Tuesday 22
August 2017. Colliers International
Level 4, Dimension Data House
This is your opportunity to buy one of the last remaining residential 99-105 Customhouse Quay,
blocks in Whitby, with resource consent imminent for 104 residential Wellington 6011
sections. Further blocks are potentially available for purchase.
PO Box 2747
Wellington 6140
Just two minutes drive from the re-routed SH1 (Transmission Gully)
which will make this site only 25 minutes drive from the Wellington Commercial Consultants Limited T/A
CBD on completion. Colliers International REAA 2008
For more information visit the weblisting at:
www.colliers.co.nz/59820
7 Colliers International - Whitby Heights
02
LAND DETAILS
Endeavour - Resolution is a rural
and residential part of the suburb of
Whitby which was established in 1971
8 Colliers International - Whitby Heights
Legal Description: Section 13 SO 475749 and adjacent land the North West (referred to as ‘Section 13’)
Certificate of Title: 699054
Zoning: Suburban - (residential use)
Land Area: 22.3515ha
Rates: (2016/17) 1,832.52 (including GST)
Section 13 comprises a part of the Silverwood Forest which originally extended to the east and west of Section 13. Section 13
itself has until recently been landlocked, however, as a result of the adjacent Duck Creek development involving the extension
of Navigation Drive, re-routing of State Highway1 (Transmission Gully Project) which when completed in 2020 will run to the
south of the property and with Porirua City Council establishing a link road (Whitby Link Road), Section 13 will have street
access from the north and the south. The Navigation Drive extension will be complete by September 2017. Transmission
Gully is being constructed now as is Whitby Link Road. Whitby Link Road will provide access to Section 13 at its south east end
with completion anticipated in early 2020. The result is that Section 13 is ripe for development and when combined with the
buoyant Wellington Regional residential market, this block becomes an attractive proposition for a land developer.
With reference to the above roading description it is anticipated that there will be no constraints to the successful tenderer
being able to immediately proceed with the north west end of the development (32 sections).
In addition to the 104 lots, for which a Resource Consent is imminent, there is a parcel of land which the vendor anticipates
incorporating which sits more naturally with Section 13 and will yield some five additional sections.
9 Colliers International - Whitby Heights
03 LOCATION DETAILS AND DEMOGRAPHICS The Endeavour - Resolution ward is bounded by Paremata-Haywards Road to the north, Belmont Road to the east, Lower Hutt City and Adventure in the South and Discovery, Discovery Drive and Ayton Drive in the west. 10 Colliers International - Whitby Heights
Discovery
(pg 17)
Endeavour-
Resolution
(pg 13)
Whitby
Adventure
(pg 15)
11 Colliers International - Whitby HeightsPositioning Whitby comprises three areas including Endeavour - Resolution , Strong economic forecasts for nearby Porirua City Discovery and Adventure. Endeavour - Resolution is bounded by Paremata-Haywards Road in the north, Belmont Road in the east, Lower • Porirua has performed above average in business, employment and Hutt City and Adventure in the south, and Discovery, Discovery Drive GDP per capita growth for the past 10 years. and Ayton Drive in the west. • Porirua’s population is set to grow by 17.85% plus by 2043 with a Endeavour and Resolution are named after ships commanded by younger demographic profile than much of New Zealand. Only 8% of navigator and explorer Captain James Cook. The suburb of Whitby is Porirua’s population is over 65. named after Cook’s home town in Yorkshire, England and many street • Ongoing future residential development in Aotea, Whitby and names are nautical terms used in the era of Cook’s voyages. Kenepuru Landing is likely to further raise Porirua’s average European settlement of the area dates from the mid 1800s, with land used household income, making it one of the wealthiest regions not only mainly for farming. Rapid development occurred during the 1960s and in the Greater Wellington Region but in New Zealand. 1970s. The population increased substantially between 1996 and 2017 • A drive through Whitby quickly illustrates the rapid growth and take- with new dwellings in high demand. up of property. Sold stickers on vacant sections are ubiquitous as is Major features of Endeavour and Resolution are Adventure Park, house construction. Endeavour Park, access to Belmont Regional Park, walkways and reserves, several schools and Pauatahanui Inlet. The site is close to supermarkets, primary schools, secondary, public and private secondary schools, proximity to public transport and access to the motorway. With Transmission gully, the Grenada – Petone link and Haywards upgrade underway travel times to regional employment, shopping and entertainment nodes will decrease significantly. 12 Colliers International - Whitby Heights
The 2013 population for Endeavour - Resolution was 3,903
with a population density of 4.96 persons per hectare.
2.9 2.9%
3,903 Persons per household
on average 29.6%
High number of
Very low unemployment
compared to 7.1% NZ
Estimated population professionals as well as
in 2013 25.3% being managers
4.96 61.6%
of households earn an
788ha Persons per hectare
32.3% income of $100k plus
compared to 23.4% - NZ
Estimated Land area of residents were
in hectares (8 Km²) mortgage free and own
their homes outright
85% +55%
26.6% were purchasing or
owned their homes
35-49 Increase in residential building
consents in Porirua region for
2016 year
High percentage of Age catchment of
parents/homebuilders parents/homebuilders
All statistics above have been gathered from www.censusporirua.org.nz 13 Colliers International - Whitby HeightsMajor features of the Adventure part of
Whitby include Whitby Lakes, Whitby
Shopping Centre, walkways and reserves,
Samuel Marsden Collegiate (private
intermediate and secondary) and
Adventure School (primary)
14 Colliers International - Whitby Heights“The 2013 population for Adventure is 1,356 with 25.3% of that
population being professionals and as 16.3% being managers”
2 4.9%
1356 Persons per household
on average 25.3%
High number of
Very low unemployment
compared to 7.1% NZ
Estimated population
in 2013 professionals as well as
16.3% being managers
3.45 37.7%
of households earn an
393ha Persons per hectare
31.6% income of $100k plus
compared to 23.4% - NZ
Estimated Land area of residents were
in hectares (4 Km²) mortgage free and own
their homes outright
77% 54.7%
Drove a car, truck or van as their
24%
High percentage of
were purchasing or
owned their homes 35-49
Age catchment of
method of travel to work and will
benefit greatly from Transmission
gully, the Grenada – Petone link
and Haywards upgrades currently
parents/homebuilders parents/homebuilders underway
All statistics above have been gathered from www.censusporirua.org.nz 15 Colliers International - Whitby HeightsMajor features of the Discovery
part of Whitby include Discovery
School (primary), walkways and
reserves and Pauatahanui Inlet
16 Colliers International -Whitby Heights“The 2013 population for Discovery is 2,751 with a population
density of 21.99 persons per hectare.”
2 4.4%
2,751 Persons per household
on average 27.5%
High number of
Very low unemployment
compared to 7.1% NZ
Estimated population
in 2013 professionals as well as
20.8% being managers
21.99 45.8%
125ha 29.8%
of households earn an
Persons per hectare income of $100k plus
compared to 23.4% - NZ
Estimated Land area of residents were
in hectares (1 Km²) mortgage free and own
their homes outright
77% 24.5%
24.4%
High percentage of
were purchasing or
owned their homes 35-49 of individuals earned an
income of $70,000 or more per
annum
Age catchment of
parents/homebuilders parents/homebuilders
All statistics above have been gathered from www.censusporirua.org.nz 17 Colliers International - Whitby Heights04 WHITBY HEIGHTS SUMMARY Endeavour and Resolution are named after ships commanded by navigator and explorer Captain James Cook. The suburb of Whitby is named after Cook’s home town in Yorkshire, England and many street names are nautical terms used in the era of Cook’s voyages. 18 Colliers International - Whitby Heights
PRO LEGEND
POS
ED T TRANSMISSION GULLY
RAN MOTORWAY DESIGNATION
SMIS
SION EXISTING VECTOR
GUL GAS EASEMENT
LY L
INK EXISTING ACCESS EASEMENT
ROA
D EXISTING GWRC BULK
WATERMAIN EASEMENT
TO VEST ON DEPOSIT
AS ROAD
TO VEST ON DEPOSIT AS LOCAL
PURPOSE RESERVE (DRAINAGE)
3 48 TO VEST ON DEPOSIT AS LOCAL
9 47 PURPOSE RESERVE (AS SHOWN)
VEGETATION COVENANT
49
VECTOR GAS EASEMENT
ROAD 5
ROW 10 204 ACCESS EASEMENT
50
LOT 2
DP 461246 10 BULK WATERMAIN EASEMENT
(PCC RESERVOIR) 6 7 8
5 51
4
g-v
59
2 57 58
ROAD 2
55 56 60
PR
201 46 54 VECTOR EASEMENT
22 19 18 53
OP
ROW 21
23 202 FOR REALIGNED MAIN
ROW 16
61
ROW 24
26
OS
15 13 GWRC BULK 52 AD 3
64 63 62
RO
27
ED (UND
9 WATER
66 65
g-v
30 W2 21 20
RO
RO 24 17
TR ER
14
W
16 EASEMENT 67
11
25 75
AN CO
31 28 12 68 73 74
11 71 72
SM N
29
Lot 200
70
ISS STR
DP 453538
32 39 40 41 69
Lot 2
38 200
ION UC
DP 453538 DP 484539
37 42 ROAD
1
43
g-v
LOT 5
33 36 SECTION 13
GU TION
Lot 1 DP 453538 SO 475749
DP 484539
1 35 44 79
LL
Lot 101 ROAD
1
200
GWRC EASEMENT FOR
YM )
34 45 REALIGNED MAINS 80 77
81
OT
LOT 10 Lot 102 LOT 6
LOT 9
O
DP 453538
DP 453538 DP 453538
100 82
RW
102 101 99 98 78
Lot 104
76
g-v
103
AY
DP 453538
LOT 7
97 83
DP 453538 403 EX. VECTOR EXISTING PRIVATE ACCESS
LOT 13 LOT 12
LOT 11
LOT 8
VEGETATION 86 84 EASEMENT SURRENDERED
DP 453538 DP 453538
DP 453538
DP 453538
402 EASEMENT
COVENANT 89 88 87 85 WITHIN LOTS 75, 76 & LOT 502
104
DRAINAGE RESERVE ROAD 4 203
g-v
401
90 404
95 91
96 94 93 92
Lot 305
DP 480502
400 VEGETATION K
EEK EE
DU
CK
CR
COVENANT K CR
g-v
D UC
803 806 823 824 NOTES:
822
DP496906 DP496906 807
DP496906 DP496906 DP496906 1. AREAS AND DIMENSIONS ARE SUBJECT TO A FINAL LAND
DP496906
801 802 810 821 TRANSFER SURVEY.
DP496906 837
DP496906 DP496906 DP496906 DP496906 838 2. EASEMENTS TO BE CREATED OVER SERVICES WHERE
804 825
g-v
820 DP496906
DP496906 826 DP496906
836 NECESSARY, INCLUDING OVER ACCESS LOTS
DP496906 DP496906
3. COMPRISED IN 699054 AND 606409 (CURRENTLY)
D 805 809 DP496906
AR
832 833 839
DP496906 DP496906
LEV
DP496906 DP496906 DP496906
LOT 83 835
831 VESTING NOTES:
LOT 84 DP 480502
U 840
BO
808 DP496906 DP496906
DP 480502 DP496906
PROPOSED CONDITIONS OF AMALGAMATION KS DP496906 830 834 4. LOT 400 HEREON TO VEST IN THE PORIRUA CITY COUNCIL AS
AN
827 DP496906 DP496906 841
LOCAL PURPOSE RESERVE (DRAINAGE & ECOLOGY).
THAT LOT 203 (ACCESS
B
LOT) BE HELD AS SIX UNDIVIDED ONE SIXTH
DP496906 864
DP496906
813 829 842
DP496906
5. LOTS 401 - 403 HEREON TO VEST IN THE PORIRUA CITY COUNCIL
g-v
LOT 91 863 DP496906 DP496906
811 DP496906
SHARESLOTBY
90 THE DP
OWNERS
480502 OF LOTS 90 - 95 AS TENANTS IN COMMON DP496906 DP496906 814 819 828 843 AS DRAINAGE RESERVE
LOT 89 DP 480502 862 DP496906 DP496906
IN THE SAID SHARES AND THAT INDIVIDUAL COMPUTER FREEHOLD
DP 480502 DP496906
DP496906 DP496906
848
844 6. LOT 404 HEREON TO VEST IN THE PORIRUA CITY COUNCIL AS
DP496906
REGISTERS BE ISSUED IN ACCORDANCE THEREWITH. 812
849 DP496906 LOCAL PURPOSE RESERVE (DRAINAGE, ECOLOGY & PATHWAYS).
818 DP496906
DP496906 815 817 DP496906 7. LOTS 200 - 202 HEREON TO VEST IN THE PORIRUA CITY COUNCIL
THAT LOT 204 (ACCESS LOT) BE HELD AS FIVE UNDIVIDED ONE 861 DP496906
816 845
DP496906 DP496906 DP496906
DP496906 AS ROAD.
FIFTH SHARES BY THE OWNERS OF LOTS 47 - 51 AS TENANTS IN 850 847
EVARD
DP496906 DP496906 0 25 50 75 100 125m
COMMON IN THE SAID SHARES AND THAT INDIVIDUAL COMPUTER
S BOUL
846
g-v
BANK
860 DP496906
FREEHOLD REGISTERS BE ISSUED IN ACCORDANCE THEREWITH. DP496906 851 SCALE 1:1250 @A1
859 852 DP496906
Date
SILVERWOOD LAND 2015 LTD PARTNERSHIP
Drawn Client
EDD 29/10/2016
DATE: 21 April 2017 3:39 PM
LOTS 1 -104, 200 - 204, AND 400 - 404
Checked Date
© Orogen Limited - All Rights Reserved.
Project
PROPOSED SUBDIVISION OF Title
PROPOSED SCHEME
6 21/04/2017 PCC RESERVE AMENDMENTS CBR Designed Date SECTION 13 SO475749 AND LOT 557 RC 6842 OVERALL PLAN
BEING A SUBDIVISION OF SECTION
5 1/03/2017 FOR APPROVAL JBB CBR ROC JBB 10/2016 This document is produced by Orogen Limited for
4 7/12/2016 FOR APPROVAL JBB CBR ROC Verified Date
the sole use and benefit of the original recipient. (LOT 4 DEVELOPMENT)
Orogen Limited does not and shall not assume any
13 SO 475749 AND LOT 557 RC 6842
CBR 12/1/2016
FOR APPROVAL
3 21/11/2016 FOR CLIENT DISCUSSION JBB ROC Status DATUM Scale Original
2 9/11/2016 FOR CLIENT DISCUSSION JBB ROC Approved responsibility or liability whatsoever for any use WGTN2000 1:1250 Size A1
of this document by a third party Drawing Number Issue
1
Issue
29/10/2016
Date
FOR CLIENT DISCUSSION
Description
CBR
Des.
CBR
Veri. App.
Unit 1a - 10 Surrey Street, Tawa
PO Box 56051 - Tawa - Wellington 5249 W16001-04-CN101 6
Drawing File: P:\W16001\CAD\W16001-04-CN100-SCHEME-01.dwg DO NOT SCALE DRAWING 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20Take advantage
of low deposit finance for
new builds. Unique lifestyle opportunities
Wellington residential market is including watersports (sailing,
enjoying strong value growth canoeing, fishing, surfing & boating)
of 12.1% in the year to May 2017 and hiking at Belmont Regional
compared to 5.0% for Auckland Park adjacent.
and -1.9% for Christchurch.
REASONS TO
PURCHASE Upon completion of Transmission
Gully the suburb becomes
Modern suburb providing a point
‘effectively’ 7 minutes closer to
of difference in the Wellington
the Wellington CBD with obvious
market where high priced
effects on land values.
property tends to be in older
suburbs.
Whitby Heights is one of the
few opportunites to purchase
zoned block land Better climate than
in Wellington. Wellington & the Hutt Valley.
Samuel Marsden Collegiate
co-ed private school. Existing strong take ups of sections
Elevated land with
and house and land packages.
North West aspect.
20 Colliers International - Whitby HeightsWHITBY LAND, GOING, GOING, GONE
22.3515 SCHEME DESIGNED HIGH INCOME
HECTARES FOR 104 LOTS POPULAR LOCATION
ALREADY ZONED SUPERB 25 MIN TO WELLINGTON CBD,
SUBURBAN VIEWS 5 MIN TO WHITBY SHOPPING
21 Colliers International - Whitby Heights06 OTHER BLOCKS AVAILABLE In addition to Section 13 the vendor has two other significant parcels of land being: Section 17 which is 9.5757ha and is anticipated to yield some 60 residential sections and may also have the potential to enable the sale of hard material for fill within the suburb for which demand is anticipated. This site is already zoned Suburban but no detailed scheme has been designed or Resource Consent been applied for. Section 10 which is 42.3461ha and is steeper country and considered to have potential for development into several lifestyle blocks (perhaps 6) and is zoned Rural and will gain access from the Waitangirua Link Road. 22 Colliers International - Whitby Heights
07
THE COMMERCE
We have been advised by various experience participants in Whitby Land Developments that the typical
range for the “hard costs” of developing land in this suburb is between $120,000 and $150,000 + GST per
section including development levies but excluding holding costs.
A cost plan prepared by O’Callaghan Design Ltd is provided on the Due Diligence site providing indicative
costings. All interested parties should seek independent advice with respect to development costs.
In simple terms it is conceivable that the gross realisation for Section 13 will be between $23.0m and $27.5m
after accounting for GST. Development costs are anticipated to between $12.5m and $15.5m + GST.
The commerce could potentially be enhanced by seeking a variation to the Resource Consent and
completing Comprehensive Housing Schemes at greater density over portions of the site at little additional
cost but significantly greater gross realisation.
23 Colliers International {Client Name} 23 Colliers International - Whitby HeightsTransmission Gully Project is in full swing!
08
OTHER SOURCES
OF INFORMATION
Phil Rhodes – Porirua City Council Traffic Engineer 04 237 1404
(for information pertaining to the timeline for local link roads to TGP)
Darcy Brittliff or Chris Rodgers – Orogen Limited 04 232 0973
(for information pertaining to the Resource Consent for the subdivision of Section 13 and other technical advice
relating to Resource Consents generally, civil engineering and survey issues)
Ray O’Callaghan, O’Callaghan Design Ltd, 029 244 8067 (for information pertaining to development costs relating
to the property)
NB Orogen Limited and O’Callaghan Design Ltd have been engaged by the Vendor and terms of engagement will need to be arranged
for consultancy services beyond simple requests for information. Please monitor the due diligence site as we will be posting files to the
site relating to requests for information requested by buyers which we consider are likely to be of interest to all potential buyers.
25 Colliers International - Whitby Heights09
DUE DILIGENCE INFORMATION
Due diligence information is available and can be accessed via the
electronic dataroom on the Colliers website by clicking on the secure
document tab at: www.colliers.co.nz/59820
Additional documents may be added from time to time.
Upon entering your contact details and agreeing to the confidentiality
statement you will be emailed a password that provides access to an
online data room containing detailed information on the property.
26 Colliers International - Whitby HeightsDue Diligence Information Contact Details
• Subdivision Scheme Plan Kieran Lennon Tim Julian
• Resource Consent +64 21 137 1472 +64 21 488 029
kieran.lennon@colliers.com tim.julian@colliers.com
• Statistics New Zealand Tables
• Suburban Zone Rules
Colliers International
• Cost Plan
Level 4, Dimension Data House
99-105 Customhouse Quay,
NB Not all information has been posted, interested parties Wellington 6011
should monitor this website throughout the tender period.
PO Box 2747
Wellington 6140
The property is being offered for sale by Tender closing 3pm
Tuesday 22 August 2017. Commercial Consultants Limited T/A
Colliers International REAA 2008
Your opportunity to buy one of the last remaining blocks
in Whitby, Resource Consent imminent for 104 residential
sections. Further blocks potentially available for purchase.
Just 2 min drive from the re-routed SH1 (Transmission
Gully) which will make this property 25 minutes drive from
Wellington CBD on completion.
27 Colliers International - Whitby HeightsDisclaimer: This Information Memorandum has been prepared by Colliers International solely for information purposes in order to assist interested parties in making an initial evaluation of the property and does not constitute advice nor purport to contain all of the information that a prospective purchaser may require. In all cases,interested parties must conduct their own investigation and analysis of the property and the data set out in the Information Memorandum to satisfy themselves in all respects and must not rely on the information in this Information Memorandum to make their purchasing decision. This Information Memorandum has been prepared in good faith and with due care by Colliers International, but neither Colliers International, nor the owner accept responsibility hereunder for the accuracy of any part of the information contained in this Information Memorandum. Therefore the recipients of this Information Memorandum to the extent that they rely on the information contained herein do so entirely at their own risk. The owner and Colliers International (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this Information Memorandum or any other written or oral communication given to any prospective purchaser in the course of their evaluation and/or offer. This Information Memorandum does not constitute an offer for sale or purchase or otherwise.
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