12,500 sqm Parnell land - Once in a lifetime

1 Domain Dr,, 491, 501 and 509 Parnell Rd, Parnell, Auckland City

Tender

Proposed Usage
Development Site
Land Area
12530.00 m²
Description:
Property ID
1bzz23z

1 Domain Drive, 491, 501 & 509 Parnell Road, Parnell, Auckland

- Prime Parnell freehold land site of over 12,500sqm
- Significant holding income in place, returning approximately $770,000 p.a.
- Favourable intensive zoning with 19.5 metre height overlay
- North facing, with three road frontages including Parnell Road & Domain Drive
- Rare Parnell Opportunity - A must view for all developers and land bankers

This once in a lifetime opportunity provides buyers with the chance to secure a large development site in one of Auckland's most sought after locations - Parnell. The property features approximately 12,500sqm of freehold land which benefits from an intensive residential zoning and an additional height overlay of 19.5 metres.

The property is leased with a demolition clauses in place, providing an attractive holding income of approximately $770,000 per annum.

In addition to offering an attractive north facing aspect, the site benefits from frontage to Parnell Road and Domain Drive, with consents for multiple access points. Prime sites of this size do not become available often, particularly in Parnell, don't miss this strategic opportunity.

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Parnell Area