11 Hunt Street Whangarei, Whangarei District

A prime 2,058 sqm development site with well established private parking operation in place. This parking operates on short term permits and offers regular holding income of approx $80,000 plus GST pa (gross).

Investment Highlights:

• Single freehold title
• Regular shaped site of good proportion
• Easy contour and low risk of instability or flooding
• Fringe CBD and easily accessed
• High quality legal/professional neighbourhood
• Holding income of $80,000 + GST pa (gross)

Located in Hunt St on the northern fringe of the CBD and easily accessed from Bank Street. The surrounding area contains most of the city's leading law firms, clustered around the District/High Court precinct. Other professional offices include accountants, surveyors, architects and medical/dental practices.

Sitting on the volcanic plateau formed by the Hurupaki lava flow and approx 20m above sea level, it's expected any future multi-level building on the site will enjoy expansive views over the nearby schools, parklands and reserves beyond. This location is well recognised as offering good ground bearing/stability and by virtue of its elevation stands well above the floodplain affecting most of downtown Whangarei.

The site stands on the western side of Hunt St and is of generally rectangular proportion. It has a road frontage of approx 35.5m and an average depth of 57.8m. Its rear (western) boundary borders the North Auckland rail line.

The site's contour is easy, mostly flat near its Hunt St frontage and sloping away toward its western boundary. The adjacent property on its southern boundary is fully developed and has made use of the natural slope to help achieve basement car parking under a multi level office building.

Call John or Megan today to discuss the opportunity further.

Our auctions are conducted online only. Register to bid and/or watch the auction live with GAVL (click 'follow listing' to be notified when the auction goes live). https://x5u9a.app.goo.gl/ri1R