291 Ellerslie Panmure Highway, Mount Wellington, Auckland City, Auckland

A prime redevelopment gem in central Auckland! This trophy property is in a thriving location, offering excellent access to motorways, public transport, Ellerslie town centre, and key amenities. Zoned for Baradene College (Decile 9).

The fabulous, rectangular parcel spans approximately 45 meters of road frontage and 125 meters in depth.

• Flat, dry land with a gentle contour and all main services on site.
• Potential for approximately 30 freestanding houses or some 40 plus townhouses (subject to Council and Watercare approval).
• Existing income stream: 10 two-bedroom units under one title, currently rented with rental appraisal of approx ~$250K per annum- a solid holding income while holding or planning.

A true rare find - large, easily developable parcels like this are scarce in central Auckland! A motivated overseas vendor, who has owned this prime asset for over a decade, is now seriously selling!