Albany Highway, Schnapper Rock, Auckland

Occupying a north-facing 6197 sqm (Lamb & Associates surveyed) site very close to the Upper Harbour Highway motorway ramps, this residential apartment complex has some attractive options for developers and investors. Concept plans have been drawn up and will be available to buyers who wish to do their due diligence on a total re-development incorporating over 115 apartments to maximise the site coverage and yield.

Zoned Residential Terrace Housing and Apartment Buildings, the existing 32-unit compound is bringing in a gross $850,000 rental (approximately) per annum. The two low rise blocks with attractively sunny aspect flank a sheltered common courtyard and at the highest elevation on the site - a common terrace and in-ground swimming pool on the western boundary. Each apartment has its own deck and has been designed in accordance with the North Shore City Council's Good Design Guide with lower density living and European styling to the interiors. Basement parking, ample on-site carparks, allocated utility spaces, some apartments comprise mixed business zones for added commercial cachet. An attractively landscaped street frontage and situated walking distance to cafes, gym, office precincts, and North Shore Golf Club, this is a property with broad appeal to urban professionals and students.

The pivotal location with Massey University campus and the North Harbour Stadium minutes away, handy to public transport, a range of beautiful northern beaches and Albany's Business Park and sprawling retail mecca nearby, this exceptional development offering is all about location and opportunity. Call Justin Wu to register your interest in this prime development estate.