163-165 Beach Road, Auckland Central, Auckland

Prime Large CBD Site - Develop or Occupy

- Rare large level site between Queen Street and Parnell
- Close to Arena and University
- Wide frontage to Beach Road
- Attractive 360degree views from development site
- Freehold property with holding income

A rare, strategic future development site in the CBD. These sites are becoming hard to find as the demand for residential apartments in Central Auckland is increasing at a high rate. This site is surrounded by residential apartments and hotels, both existing and planned, this is a hot location. Although close to Queen Street the site enjoys easy access to public transport and all motorways.

Apart from developers and land bankers, an owner occupier could use the existing building (in two tenancies) with the comfort that have they invested in a strategic land holding.

Land Area : 1330sqm

Floor Areas :
- Tenancy 1 = 602.29sqm
- Tenancy 2 = 560.39sqm
- Total =1162.68sqm

Holding Income : $233,243.85 + GST p.a.

Zoning : SMA2 scheduled to be enhanced under PAUP with a height limit of 30 metres and coverage up to 4:1

For Sale by Deadline Private Treaty (unless sold prior)
4pm, Friday 4th December 2015