Colliers are pleased to present this substantial freehold development opportunity, strategically positioned on a key arterial route in one of Auckland’s most established and sought-after locations.
Positioned across a 3,483sq m landholding on two titles, the property is predominantly zoned Business – Mixed Use, with a portion zoned Residential – Mixed Housing Urban, providing for intensive development and a wide range of uses. The zoning supports higher density residential, commercial, or mixed-use schemes - subject to council approval.
The site currently features a 22-unit accommodation complex, together with a four-bedroom manager’s residence, generating approximately $425,000 pa - flexible holding income arrangements are available. The improvements comprise a mix of studio, one, two and three-bedroom units, supported by on-site amenities and on-grade parking, allowing for continued operational use in the interim.
Positioned along Taharoto Road, the property benefits from a high-exposure main arterial location with excellent connectivity to the Northern Motorway. The immediate area is undergoing significant transformation, with numerous completed, under-construction, and planned residential and commercial developments, reinforcing the site’s long-term development credentials.
Located near key commercial hubs including Smales Farm, Wairau Valley and Takapuna CBD, and within minutes of Lake Pupuke and Takapuna Beach, the property sits within a highly desirable catchment for both residential and mixed-use development. Auckland’s CBD is approximately a 10-minute drive in off-peak conditions.
Opportunities of this scale, zoning flexibility, and location are increasingly scarce, presenting a compelling proposition for developers seeking a strategic North Shore acquisition with strong holding income and significant future upside. Contact the sole agents for further information or to arrange an inspection.
Shoneet Chand 021 400 765 and Matt Prentice 021 464 904
Features:
* Returning $425,000 per annum net
* Holding Income – term to be negotiated
* 3,483sq m land area across two titles
* Predominantly zoned Business - Mixed Use
* 22 accommodation units plus 4 bedroom manager’s house
* Mix of one, two, three bedroom and studio units
* High exposure position on main arterial
* Rare development opportunity in top location
