Secure a rare, centrally located freehold 2.3150ha (more or less) site in the highly sought-after Auckland suburb of St Johns. Positioned adjacent the new Park City development, this provides an unparalleled opportunity to develop at scale with either medium to high-density housing, commercial or light industrial under the Business - Mixed Use zone.
Incorporating a substantial industrial style building developed by the University of Auckland as a research facility and comprising high stud warehousing, research hubs and substantial open plan commercial spaces presenting a variety of occupation options.
The site benefits from its proximity to a range of amenities, infrastructure projects, sports complexes and recreational spaces, making it a very desirable location for residents and businesses alike. The surrounding area has seen rapid development, with substantial infrastructure improvements supporting residential growth and employment.
With proven residential demand in the area, this is an ideal location for developers aiming to capitalize on Auckland’s growing housing market.
Lot 1:
• Industrial style buildings including high stud warehousing
• Total building area - 4,146sqm (approximately)
• Land area - 5,800sqm (more or less)
• 55% of the building is leased
Lot 2:
• Land area - 1.7350ha (more or less)
• Metaled yard area – 1,300sqm (more or less)
• The site is partially leased
Key Metrics:
• Total combined land area of 2.3150ha (more or less)
• Freehold tenure
• Total building area of 4,146sqm (approximately)
• All lease agreements include a termination clause
• Potential for medium to high-density residential and mixed-use development
• An established eastern suburb's location that is well supported by schools, retail and commercial services and transport links
Local amenities include Felton Mathew Avenue retail, Stonefields Markets, Remuera Golf Course, Lunn Avenue’s commercial precinct, and a variety of schools.
This is a unique chance for visionary developers to create a landmark project in one of Auckland’s most desirable growth areas.
Lot 1 and Lot 2 can be purchased together or separately. The vendor is motivated – all offers considered.
Tender closes at 4 PM, Wednesday, 30th October 2024 (unless sold prior).
Tommy Zhang | 021 760 889 | [email protected]
Layne Harwood | 021 630 136 | [email protected]
Ian Hall | 021 451 411 | [email protected]
