• Large 1,777sqm CBD development opportunity with freehold title
• North-facing elevated corner site with expansive dual road frontages
• City Centre zoning provides up to 35m height under the Auckland Unitary Plan
• A highly strategic city location, opposite K Road CRL station entrance
• Significant holding income will enhance appeal to a range of buyers
Now surplus to the vendor's needs this property represents an unparalleled opportunity to acquire a large scale development site in one of Auckland city’s highest-growth locations and most aspirational city fringe precincts. This location provides ease of access to the CBD, multiple transport systems including the very nearby Karanga-a-Hape CRL Station, main motorway system and various nearby retail, hospitality, and residential precincts including Ponsonby and Auckland’s CBD and waterfront areas.
The 1,777sqm site offers an unobstructed northerly aspect, with two frontages including Hopetoun Street and Beresford Square and the highly favourable Business – City Centre zoning allows for an intensive development of up to 35 metres (subject to volcanic view shafts).
A short-term lease to the CRL project provides a rental of $894,000pa (+ GST and OPEX) which provides a solid holding income while future planning is worked through.
Call the sole-appointed agents now for detailed information on this highly desirable development opportunity.
Mike Adams
021 977 527
Alan Haydock
021 532 121
Damien Bullick
022 420 6845
