The opportunity

Colliers is proud to exclusively offer to the market this prized North Shore development opportunity for sale by Deadline Private Treaty closing at 4pm on Wednesday 12 October (unless sold prior).

This is an excellent opportunity for investors and developers looking for upside. Perfectly positioned on the corner of Forrest Hill, Nile, and Taharoto Roads, the high-profile, 5,344sq m site is a rare find with predominantly mixed-use zoning and unbeatable development potential.

Features:

5,344 sq m prime development opportunity
Prime development opportunity
Multiple titles - being offered as one
Holding income of $210,000 pa net + GST
Vacant possession possible from April 2024
Excellent North Shore location
Proximity to motorway access

Held by a syndicate of owners for many years, this unique offering is now seriously for sale in one of Auckland's most tightly held locations. Get in touch with one of the sole agents for further information and to access the secure dataroom.

*Boundary lines are indicative only.

Highlights

Holding income of $210,000 pa net + GST

The site is currently leased to Kings Plant Barn offering holding income of $210,000 pa net + GST with the next right of renewal on 1 April 2025. A demolition clause means vacant possession could be available from April 2024.

Metres from key landmarks and motorways

The property is located at 1 Forrest Hill Road and 4 Nile Road is located across from Westlake Girls' School and Smales Farm, as well as being in proximity to other amenity such as the North Shore Hospital, Takapuna/Milford beaches, Wairau Valley and Takapuna CBD.