Building & Infrastructure
5251 sqm in various titles with resource consent currently in progress for four buildings from four to five levels of apartments with ground level retail to the street frontages.
Once resource consent is approved, buyer of the freehold site to a develop the project including essential outcomes and design requirements.
Zoned Business - local centre zone and residential-terrace housing and apartment buildings, this is a fantastic residential and retail development opportunity. Residential developers and retailers are invited to take this opportunity to build a centrally located community with great proximity to public transport. Make the most of its strategic location and business - local centre zoning which primarily provides for the local convenience needs of surrounding residential areas, including local retail, commercial services, offices, food and beverage, and appropriately scaled supermarkets. Provisions typically enable buildings up to four storeys high, enabling residential use at upper floors.
Mt Eden is a popular and sought after central city location with great public transport and a growing population
Economic profile of Mt Eden
A prime location in one of Auckland's most prestigious central suburbs
The residential property market in Auckland continues to go from strength to strength despite the economic impacts of COVID19 and the public health response, with median house prices rising 16% to an all time high of $950,000 by July 2020. Auckland is still in need of 300,000+ dwellings by 2050 to fulfil current and forecast demand led by population growth. Recent migration levels are now being replaced by returning Kiwis.
This site is in a key area for growth as its zoning designation typically enables buildings up to four storeys high, enabling residential use at upper floors.
Invest Auckland Specialist
To find out more about this opportunity please contact Aldrin Thayalakal