252-258 Great North Road, Grey Lynn, Auckland

Grey Lynn 'Mixed Use' Development Site

- After long-term ownership the Family Trust has decided to sell
- Secure this Grey Lynn development site with holding income
- 1,002sqm (more or less) of prime Great North Road freehold land
- 'Mixed Use' zoning allows intensive residential and/or commercial development

Developers and land bankers, explore all of the options this sizeable land holding provides. The flexible 'Mixed Use' zoning allows for a wide range of uses including residential with the Proposed Auckland Unitary Plan set to allow a maximum height of 16.5 metres.

Grey Lynn's Great North Road is quickly developing into a popular City Fringe boulevard. A number of boutique apartment developments have been completed and, nearby, Bunnings have commenced construction of its new store. This location is well serviced by public transport and both Ponsonby and the Auckland CBD are just a short drive away. Enjoy the benefit of the holding income in place while you consider all use and design options.

Property Details:
Land Area 1,002sqm (more or less)
Zoning Mixed Use
Basic Floor Area Ratio 2:1
Maximum Floor Area Ratio 4:1
Height: 15m (16.5 under the Proposed Auckland Unitary Plan)

Tenancy Details:
Currently fully leased with holding income in place of $74,160 + GST p.a.(net)