11 Cowan Street, Ponsonby, Auckland City, Auckland

11 Cowan Street, Ponsonby, Auckland City, Auckland Ponsonby corner site: hold or redevelop

• City fringe apartment complex on 930sqm landholding

• Repair and reinstate, landbank or redevelop this site

• 12 apartments with car parking

• Potential to generate holding income while consents are sought

• Strategic position just a short walk to Three Lamps Ponsonby

The complex consists of 12 residential apartments. All are spacious fully self-contained apartments with the lower levels enjoying private courtyard areas and the upper residences having private decks and views.

The complex is in need of remediation and the properties will be sold in an as is where is condition. Undertaking remediation works provides the astute purchaser with the opportunity to sell down the upgraded apartments individually for profit.

Or, rent residentially for return. Alternatively, there is the option of redeveloping this under-developed City Fringe site.