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Grafton Kauri Villa - Now Priced at Land Value!

123 Grafton Road, Grafton

Investment Opportunities
dollar

$4,500,000 Plus GST (if any)

Floor area
330m2
Land area
913m2
Title type
Freehold
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Property details

Listing # 1694348 | Listed on 16 June 2022

A rare opportunity to secure a landmark property on the fringe of Auckland’s CBD. Positioned directly opposite Auckland Hospital, this 913sqm (more or less) freehold site offers exceptional potential, and is now priced at the land value (GV).

  • Generous 913sqm corner site adjacent to Grafton Bridge, overlooking Grafton Gully
  • Favourable "Local Centre" zoning supports a wide range of development opportunities
  • Endless potential in a prestigious location with easy access to the CBD, universities, motorway networks, and public transport

A Storied Legacy Dating Back to 1885. This grand two level villa (approx. 330sqm) is steeped in history and rich in architectural charm. Constructed in 1885 for court registrar and banker George William Basley and his wife Frances, the residence later became home to Auckland City engineer Walter Ernest Bush, who oversaw the construction of the adjacent Grafton Bridge (1908 –1910). Historical photos show that the exterior remains largely unchanged since 1900.

Designed in the elegant Italianate style popular in the late 19th century and built from solid kauri timber, the home features bay windows, ornate verandas, and numerous period details. It holds a Category B heritage listing under Auckland Council's schedule of buildings, heritage properties, and places of special value.

The property is offered with vacant possession, making it ideal for (subject to consents) :

  • Boutique medical practices
  • Professional offices
  • Hospitality venues
  • Art galleries
Or a signature redevelopment project (subject to council consents)


The sunny, north-facing rear land offers outstanding add-value potential, with views extending down toward the harbour, enhancing appeal for future development under the site's flexible zoning.

This is truly a once in a lifetime opportunity to acquire a piece of Auckland’s architectural heritage with prime development upside. Contact us today to arrange a viewing or request further details.

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