65 Wellington Street, Freemans Bay, Auckland

This backpacker style accommodation sitting on 546 square metres of freehold land (more or less), is clean and comfortable, with a scope to redecorate and increase the average room, and occupancy rate.

Configured in a range of single and double rooms, with current room rates varying at $380-$450, plus guest amenities at the property, which include a semi-commercial grade kitchen, three toilet/bathroom suites, a communal lounge, and a large private back lawn.

The land is zoned Residential - Terrace Housing and Apartment Buildings under the Auckland Unitary Plan, which provides for the greatest density, height and scale of development of all the residential zones.

"This is a high-intensity zone which allows for intensive terrace house or apartment development of up to 16 metres, or between five and six storeys, subject to council approval.

This property should not be missed, as it provides investment with a multitude of investment and development options, as well as the chance to land bank for the future.

In terms of location, you're mere steps away from Ponsonby's renowned restaurants, wine bars, beer gardens, boutique shops, and grocery stores, and in close proximity to motorway access, public transport and the city centre.

Remember, our sellers are committed somewhere else, and they're passing this amazing opportunity to the new lucky buyer with a vision for the future. Their instructions are clear -this property must be sold at auction.

Seize the moment while it's hot- Opportunities and locations do not come any better than this!