Privileged Position, Priced to Sell

SHORT CALL AUCTION 28 October at 1pm - DECLARED RESERVE BELOW $3,200,000 - more than $750,000 below Council Valuation.

A prestigious Parnell address, a comprehensively rebuilt luxury home and a compelling opportunity to secure a significant corner site with exceptional lifestyle appeal and future potential.

Surrounded by distinguished former embassy and prime ministerial residences, 112 St Stephens Avenue occupies one of Parnell's tightly held positions. The 372sqm fee simple corner site offers over 280sqm of usable outdoor space, privacy, security and sun, with room to entertain, accommodate vehicles or explore options to extend, add garaging, create a pool or studio, subject to approvals.

A versatile three-to-four-bedroom layout provides excellent separation. The elevated master retreat captures harbour views, while a second ensuite bedroom with independent access suits guests, extended family or working from home. A secondary living area, two generous entertaining decks, level lawn and four car parks complete the offering.

The existing residence is equally impressive. Completely rebuilt to an exceptional standard, this bespoke, turnkey home features Miele appliances, marble finishes, herringbone flooring, underfloor heating, double glazing, new cladding and roofing, landscaped grounds, a private sauna and a redesigned forecourt behind secure gated entry.

The planning potential adds another compelling dimension. Following the superseding of the previous Unitary Plan Change 120 framework in August, the site's reported apartment zoning, with a building height of up to 16 metres, creates significant longer-term potential. Its prominent corner position and central location make this an opportunity for buyers to investigate future development possibilities, subject to planning rules, site constraints and consents.

With no body corporate or levies, enjoy complete ownership, space and independence, a compelling alternative to apartment living, with potential for tomorrow.

Walk to Point Resolution Park, the Rose Gardens, Judges Bay and Tamaki Drive, with Parnell village, the CBD and ferry terminal close by. Parnell School, ACG and Double Grammar zoning add further appeal.

Prestige. Position. Potential. With a declared reserve below $3,200,000, more than $750,000 below Council Valuation and less than $1,000,000 above the stated land value, motivated vendors are ready to meet the market.

• CV $3,950,000
• Rates $11,211.03
• Freehold Fee Simple Title