- High profile Ponsonby Road trophy investment property

- 569 sqm fee simple land holding with favourable zoning

- North facing aspect with CBD and harbour views

- Resource consent in place for residential apartment + retail development

- Returning $131,040 from 4 x 2 bedroom residential units

- Certificate of compliance (demolition)

- A bottom drawer Ponsonby trophy or top end boutique development

An extremely rare opportunity to secure a high profile Ponsonby Road investment property, complete with a resource consent for a mixed use apartment and retail development. The property is underpinned by a 569 square metre (more or less) land holding which offers sweeping water and CBD views from its elevated North facing position.

The property is currently configured as four two-bedroom units, which offer attractive residential accommodation and generate a total income of $131,040 p.a. A resource consent is in place for a boutique residential and retail development, comprising four generous residential apartments with on grade secure car parking, with retail units on the Ponsonby Road frontage.

Properties in this tightly held precinct seldom become available to the market. Anyone looking to secure a Ponsonby trophy, or a boutique development site with resource consent in place must consider this prime Ponsonby offering.

Viewing times: Tuesdays, Thursdays and Saturdays - 12.00-12.30pm