41a-45a Napier Street, Freemans Bay, Auckland

Rare Freemans Bay site: hold or redevelop

• 1,704sqm (more or less) freehold site with Residential - THAB zoning
• Existing seven-unit townhouse complex with watertightness issues
• Flexible redevelopment opportunity
• Potential for staged or townhouse-scale development

Freemans Bay is a well-established inner-city suburb located between Auckland's CBD and Ponsonby, offering strong ongoing demand for quality residential housing.

This 1,704sqm (more or less) freehold site represents a rare opportunity to secure one of Freemans Bay's larger landholdings in a tightly held location. The underlying Residential - Terrace Housing and Apartment Building (THAB) zoning supports a range of potential redevelopment outcomes, including higher-density development, subject to Council approval.

The site is currently improved with seven fully self-contained townhouses, which have sustained watertightness damage and will be sold on an “as is where is” basis. These improvements may provide interim holding income pending redevelopment or alternatively be removed to enable site optimisation.

In the current market environment, the site may lend itself to a range of development strategies, including townhouse-scale redevelopment aligned with prevailing buyer demand, or full utilisation of the underlying zoning over time.

Whether held, remediated, or redeveloped, this is a significant value-add opportunity in a premium Auckland location.