520-536 Karangahape Road and 2 Gundry Street, Auckland Central, Auckland

Prominent development corner site

• Strategically located on the high-profile corner position of Karangahape Road and Gundry Street
• Approximately 1,283sqm freehold site with dual street access
• Fully leased, returning $252,474 + GST net from 53 car parks and an APN billboard
• Five mins walking distance from the new Karangahape Road CRL train station is opening in 2024
• Possible vacant possession achievable with six months notice
• Favorable City Centre zoning provides significant commercial and residential development potential
This offering provides purchasers with an excellent opportunity to secure a site is exceptionally positioned and continue to benefit from the everchanging landscape of the Auckland's CBD. The site is prominently situated in on K- Road that has been the focus of extensive reinvigoration and enhancement in recent years. The properties are zoned City Centre, which makes them suitable for apartments, an integrated residential development, offices, retail or hotel accommodation. Located on the corner of Karangahape Road and Gundry Street, this prime development opportunity offers unbeatable location and connectivity to key infrastructure, including the city's motorway network and new CRL Karangahape Train Station (2024).
The future owner also has the option to boost the holding income significantly by upgrading the billboard to digital, while they decide the best approach for the site.