2A-2I Middle Street, Freemans Bay, Auckland

Rare Freemans Bay site: hold or redevelop

• Premier 626sqm (more or less) freehold corner site in Freemans Bay
• Development intensive Business - Mixed Use zoning (subject to PC 120)
• Existing nine-unit townhouse complex with watertightness issues
• Investigate landbanking, remediation or redevelopment options

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

This 626sqm (more or less) freehold site represents a rare opportunity to secure one of Freemans Bay's landholdings in a tightly held location. The underlying Business - Mixed Use zoning (subject to PC 120) supports a range of potential redevelopment outcomes.

The site is currently improved with nine 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, remediated or alternatively be removed to enable site optimisation.

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