Privately positioned off Penguin Drive, this substantial freehold site presents an exceptional opportunity for developers, land bankers and investors looking to secure a strategic holding in one of Auckland's most sought-after coastal suburbs, within the Rangitoto College zone.
The existing dwelling has been disclosed by the vendor as a leaky home and is being offered on an "as is, where is" basis. The true value of this property lies in the land and its future development potential (subject to Council approval).
With wastewater and stormwater infrastructure already available on site, together with stunning sea views and premium school zoning, this is a rare opportunity to secure a quality development site in an established neighbourhood.
For buyers seeking an even larger project, the neighbouring property at 495 East Coast Road is also available for purchase. Together, the two properties provide a combined landholding of approximately 1,568sqm (more or less), offering outstanding future development potential (subject to Council approval).
Property Highlights
- Freehold site
- Development potential (subject to Council approval and your own due diligence)
- Private rear position with access from Penguin Drive
- Opportunity to acquire the neighbouring property at 495 East Coast Road
- Highly sought-after Murrays Bay location
- Stunning sea views
- Zoned for North Shore's most desirable schools
Talk to Ray or Harper today for further information.
*Purchaser Notice
The Purchaser acknowledges that the Vendor has disclosed the property as being a leaky home. The property is offered for sale on an "as is, where is" basis. To the fullest extent permitted by law, the Purchaser accepts the property in its present condition, and the Vendor's warranties contained in the Agreement for Sale and Purchase shall not apply except where they cannot be excluded by law.
