Two substantial properties at the gateway to Ponsonby and Herne Bay, in Auckland, have come onto the market.
The properties at 33 and 43 College Hill are direct neighbours at the rear, offering potential for owner-occupiers, investors, and developers alike.
33 College Hill comprises a site of 1270sqm and a circa 1970s constructed commercial building, providing three levels of office and amenity accommodation, lower ground level car parking and basement studio space, together with additional open car parking located on-site to total 36 carparks.
Meanwhile, the site at 43 College Hill extends more than 3530sqm, and features a four-storey commercial building. On-site car parking numbers 75.
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JLL agent Ian Hall, who is marketing the properties for sale, says he expects there to be significant interest both locally and internationally.
“The site across the two properties represents a compelling opportunity to acquire an exceptional future development site in what is unquestionably one of Auckland’s fastest developing and most progressive precincts,” says Hall.
“As a transparent and what is perceived to be a safe place to do business, we’ve been seeing a lot of enquiry from private family offices and major developers of ours for foreign investment and capital preservation.
“Placed effectively across the road from the College Hill New World supermarket, both properties have stunning views over the Auckland CBD and are within easy walking distance off Wynyard Quarter, the Viaduct, and the city centre.”
Colleague John Binning says properties in the area are tightly held.
“With the properties zoned mixed use under the Unitary Plan, the opportunity exists for various forms of flexible accommodation with a range of commercial, retail and residential development uses promoted There is no question that this is one of the most significant city fringe opportunities of 2020.”
33 and 43 College Hill are for sale by expressions of interest closing at 4pm, November 4.
