• High-profile 1,504sqm (approximately) standalone with A-Grade seismic rating
• Multi-tenanted holding income of $350,677.87pa + GST with significant upside
• Large freehold site in strategic location near Panmure Train Station
• Dual frontages and a 27m height limit unlock major development potential
This high-profile standalone property offers a prime add-value opportunity in one of Auckland’s fastest-growing suburbs. Returning $350,677.87pa, this under-rented asset provides holding income with clear upside through refurbishment, leasing, or repositioning.
Panmure is transforming under the Tāmaki Regeneration Programme, delivering thousands of new homes, revitalised public spaces, and upgraded infrastructure. Just 600m from Panmure Train Station, the site boasts excellent connectivity and long-term growth potential.
With dual frontages to Queens Road and Gifford Lane, the property ensures accessibility and design flexibility. Zoned Business – Town Centre with a 27m Height Variation Control, it unlocks significant redevelopment potential. A rare chance to secure a strategic landholding with short-term income and long-term potential.
Tommy Zhang
+64 21 760 889
tommy.zhang@bayleys.co.nz
Phil Haydock
+64 21 192 2233
phil.haydock@bayleys.co.nz
