HIGH PROFILE DEVELOPMENT SITE IN PARNELL

28-38 Stanley Street, Parnell, Auckland

Investment For Sale

For Sale by Deadline Private Treaty closing at 4.00pm Wednesday, 24 Oct 2018 (Unless sold prior)
Land Area: 5,441.00 m2.    Floor Area: 5,441.00 m2.    

Description

This freehold site is an outstanding re-development opportunity in a prominent central city fringe location.

This gateway site sits directly in front of the highly successful Carlaw Park commercial development including modern office buildings, a Quest serviced apartment development and the Carlaw Park Student Village, the University of Auckland’s largest purpose-built accommodation building for new and returning under-graduate and post-graduate students.

The site is substantially under-developed relative to it’s zoning (Auckland Unitary Plan) and benefits from close proximity to Auckland’s motorway network, CBD and the affluent suburbs of Parnell, Newmarket, Orakei and Remuera.

Features

  • Large 5,441m² freehold site
  • Prominent central Auckland location
  • Holding Income of $250k + GST p.a.
  • Business - Mixed Use zoning
  • 140m+ corner street frontage
  • Prime re-development opportunity
  • 2 year lease

Map

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