- 1,600sqm land, zoned Residential - Terrace Housing and Apartment Buildings

- Includes character building currently utilised as a 39-bedroom boarding house

- Prime St Marys Bay north-facing position with city and harbour views

- Utilise the existing improvements, landbank or undertake full development

A rare opportunity to secure a large north-facing fee simple site in St Marys Bay, a highly sought-after waterfront suburb just five minutes from the Auckland Central Business District.

The property offers significant development potential due to its Residential - Terrace Housing and Apartment Building zoning, which allows for intensive terrace house or apartment development of up to 16 meters (subject to council consents). This elevated position offers extensive views of the water and central Auckland from the existing buildings, which will be enhanced following further development of the site.

Existing improvements comprise a two-level 39 bedroom (plus managers flat) boarding house which can be sold with vacant possession or with existing residential tenancies in place.

Whether as a land bank, residential cash cow or full development, this prime opportunity is a must view.