Lot 1 and Lot 2/259 Morrin Road, St Johns, Auckland

Prime Mixed-Use development opportunity in St John

Secure a rare, centrally located freehold 2.3150ha (more or less) site in the highly sought-after Auckland suburb of St Johns. Positioned adjacent the new Park City development, this provides an unparalleled opportunity to develop at scale with either medium to high-density housing, commercial or light industrial under the Business - Mixed Use zone.

Featuring a large industrial-style building developed by the University of Auckland, this property includes high-stud warehousing, research hubs, and open-plan commercial spaces, offering diverse occupation options.

With proven residential demand in the area, this is an ideal location for developers aiming to capitalize on Auckland's growing housing market.

Lot 1:
• Industrial style buildings including high stud warehousing
• Total building GFA - 4,778sqm (approximately)
• Land area - 5,800sqm (more or less)
• 80% NBS rating

Lot 2:
• Land area - 1.7350ha (more or less)
• Metaled yard area - 1,300sqm (more or less)
• The site is partially leased

Key Metrics:
• Total combined freehold land area of 2.3150ha (more or less)
• All lease agreements include a termination clause
• Potential for medium to high-density residential and mixed-use development
• Lot 1 and Lot 2 can be purchased together or separately

Located in a well-established eastern suburb with excellent schools, retail, commercial services, and transport links, this area offers amenities like Felton Mathew Avenue retail, Stonefields Markets, Remuera Golf Course, and Lunn Avenue's commercial hub.

The vendor is motivated - all offers considered. Tender closes at 4 PM, Wednesday, 30th October 2024 (unless sold prior).