Consented Development Site with Holding Income
25, Hargreaves Street, Freemans Bay, Auckland City
- Proposed Usage
- Floor Area
- 1420.00 m²
- Land Area
- 438.00 m²
- Property ID
- Prominent corner position just off College Hill in Freemans Bay
- Broad potential with this versatile building on Mixed Use land
- Consented development site for 29 apartments, 4 retail units and 33 car parks
- Returns approx $240,301.27 + GST net p.a from several tenants with vacant possession available with 6 months notice
One of this property's obvious strengths is its location, perfectly positioned where Auckland's commercial centre meets some of its most exclusive residential addresses, with easy access to Queen Street, Ponsonby Road, Victoria Park and the Viaduct / Wynyard Quarter.
This outstanding property offers various options for purchasers; developers can look to undertake this attractive mixed use development, investors can land bank this superbly located fully leased property, or owner occupiers can secure this sought after City Fringe property and redevelop to suit their own requirements. Properties of this calibre are seldom available, enquire now for further information.