3 Scotland Street and 44 Ireland Street, Freemans Bay, Auckland

CBD Fringe Corner Site with Resource Consent

- 490sqm freehold corner site on 2 fee simple titles
- Resource Consent for 5 level mixed use development
- Strategic CBD fringe position opposite Victoria Park New World
- Holding income from established tenant
- Rare consented opportunity for immediate development or land bank

Complete with a Resource Consent for a five level mixed use development, this high profile corner site offers a rare opportunity to purchase a strategic landholding in a sought after and established CBD fringe location.

The property is underpinned by 490 square metres (more or less) of freehold land on two fee simple titles. Holding income of $73,000 + GST p.a. is generated from an established tenant, with redevelopment clauses in each of the leases.

The property is located directly opposite Victoria Park New World, a short walk from Ponsonby Road and Auckland Central Business District. This sought after pocket is home to character residential homes, creative commercial tenancies and high end retailers.

Whether you are looking to take advantage of the Resource Consent and develop immediately, or alternatively land bank for the future, this prime site is one you cannot afford to miss.