Superb Epsom investment suits developers or land bankers

Great South Road property boasts excellent city fringe amenity

A superbly located investment property in the sought-after Auckland residential suburb of Epsom is for sale through Colliers International.

Investment Sales brokers Simon Child and Gareth Fraser have been exclusively appointed to market 218 Great South Road for sale by auction at 11 am on Wednesday 14 March, unless sold earlier.

Child says the property offers owner-occupiers, developers and land bankers a strategic landholding in an unbeatable city fringe location.

“This is your chance to acquire a substantial 1,287sq m landholding in the coveted double Grammar school zone,” he says.

“Originally constructed in the 1930s, the property comprises a 124sq m two-level bungalow-style villa situated on two freehold titles.

“It was tenanted by the Auckland District Health Board for the last 13 years, but is now available with vacant possession.”

Child says the property benefits from 35m of prime street frontage and dual access to Great South Road, with a large gardened area at the rear.

“The property presents well, both externally and internally, offering buyers increased flexibility for future use or redevelopment.”

Fraser says the property is located in the highly sought-after area known as Auckland’s Southern Corridor – a main arterial route connecting the nearby suburbs of Newmarket, Remuera, Greenlane, Ellerslie, Penrose, and Onehunga.

“Situated adjacent to the Southern Motorway, the property benefits from excellent exposure to a high volume of passing traffic,” he says.

“The location is well supported by local amenities such as the various cafes, restaurants and nearby schools, including Auckland Grammar School and Epsom Girls Grammar.

“It is also well served by public transport, being within walking distance of both Remuera Train Station and bus stops for the services that run along Great South Road to and from the CBD.

“The property also offers easy access to and from the Southern Motorway.”

Fraser says Newmarket to the north is undergoing significant growth while the immediate locations of Epsom, Remuera and Greenlane continue to flourish.

“This bodes well for the future potential of this site,” he says.

Zoned Residential Terrace Housing and Apartment Buildings under the Auckland Unitary Plan, the property allows for great flexibility and future residential redevelopment potential.

“The purpose of the zone is to make efficient use of land to increase the capacity of the housing. It provides for the greatest density, height and scale of development of all the residential zones.”

Buildings of up to five, six or seven storeys can be permitted, depending on the scale of the adjoining zones.

“This landholding will be keenly sought after, so this auction will be one not to miss,” says Fraser.

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