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For sale by way of Deadline Private Treaty (unless sold prior) closing at 4pm, Tuesday 11th March 2025 at Bayleys House, 30 Gaunt Street, Auckland Central.
An exceptional investment opportunity is available in the heart of Old Papatoetoe Town Centre, near New World and the train station. This offering includes two strategically located properties totaling 2,859sqm (more or less) of land with a 27m height limit, ideal for high-density or versatile development.
9 Dunnotar Road, Papatoetoe: This property offers a substantial land area of approximately 1,847sqm. It features an existing two-level building that was previously used as clubrooms for functions and activities by the Cosmopolitan Club. With its versatile design, the property is well-suited for a variety of uses, including office, retail, industrial, or as a hub for community groups or churches. It also holds strong redevelopment potential, complemented by approximately 20 onsite car parks.
33 Dunnotar Road, Papatoetoe: Spanning 1,012sqm (more or less), this property includes a residential dwelling with three bedrooms and one bathroom, generating a current rental income of $47,320p.a.
Additionally, the property has previously been granted Resource Consent for the development of an eight-level, 45-unit apartment complex. This consent includes provisions for ground-floor parking and commercial units, with residential apartments located on Levels one (1) through seven (7).
This is a rare opportunity for developers, builders, land bankers, or investors to unlock the potential for a landmark project in a rapidly growing area.