A commanding development site on the corner of the recently upgraded Ellerslie Panmure/Lagoon Drive/Queens Road intersection is being offered to the market For Sale, exclusively by JLL New Zealand.
535 Ellerslie Panmure Highway is a versatile corner site, located across the road from the Panmure Transport Hub and offers substantial profile & visibility to an average of approx. 28,000 cars per day.
The property represents a compelling opportunity to acquire an exceptional development site in what is unquestionably one of Auckland’s fastest developing and most progressive precincts. Being a city fringe location, the site is well serviced by public transport including the recently built Eastern bus lines. The Panmure bus and train station is approximately 400 metres away and Panmure arterial traffic routes link the city with the south-eastern suburbs and surrounding areas.
The Town Centre zoning allows for various forms of flexible accommodation with a range of commercial, retail and residential development uses promoted.
Investment Highlights:
• Highly visible 5,214 M² (more or less) Prominent Corner Site
• Significant Exposure to Panmure intersection
• Approx. $191,000 net pa Holding income
• Popular Business – Town Centre Zoning
• Short walk to Panmure Bus/Railway Station
• Multi-use development options
• 11KMs from Auckland CBD
For Sale by Tender closing 4pm Thursday 29th June 2023 (unless sold prior). All offers are to be lodged at the JLL offices at Level 16, HSBC Tower, 188 Quay Street, 1010.
Please contact the exclusive selling agents below to arrange an inspection or for a copy of the Information Memorandum.
Kevin Reardon
021 028 838 25
Jonathan Lynch
021 900 611