The parcel of land containing 7, 7a and 9 Audrey Rd sits on 2608m2 of prime land on Auckland's North Shore. It is valued to sell for $13.2m. Photo / Premium Real Estate
The parcel of land containing 7, 7a and 9 Audrey Rd sits on 2608m2 of prime land on Auckland's North Shore. It is valued to sell for $13.2m. Photo / Premium Real Estate
Three adjoining seaside properties in Takapuna with a combined CV of more than $13 million are for sale but could be bowled to make way for high-end apartments.
The parcel of land containing 7, 7a and 9 Audrey Rd is set beside Thorne Bay, looking out towards Rangitoto Island.
Theentire site measuring 2608m2 features three houses, including a five-bedroom family home, a "character" weatherboard house and two brick and tile units.
The land is set beside Thorne Bay, looking out towards Rangitoto Island. Photo / Premium Real Estate
The three properties are owned by Linda and John Buchanan of Buchanan Chartered Accountants and are being offered up individually or as a package deal.
Premium real estate agent Lewis Guy, who is marketing the properties, said the plot was valued at $13.2m in terms of capital value.
Concept plans for the site were available by Brent Hulena. Potential buyers had expressed interest in developing the site into high-end townhouses, he said.
The three properties are owned by Julie and John Buchanan of Buchanan Chartered Accountants and are being offered up individually or as a package deal. Photo / Premium Real Estate
Interest to purchase the "golden coastal opportunity" was high for punters either looking to buy it all or just one property, Guy said.
"It covers all the bases in regards to what people want."
Premium real estate agent Lewis Guy said the plot was valued at $13.2m in terms of capital value but the price wasn't set in stone and could sell for below that figure. Photo / Premium Real Estate
If bought as a package the land could host eight bespoke freestanding homes or operate as terraced houses or apartments, he said.
The house on 9 Audrey Rd was last valued in 2017 at $6.1m, while 7 Audrey Rd was valued at $2.95m and 7a at $4.15m.
"It is a unique offering, there won't be many other places to buy something of that volume or create a development.
Interest to purchase the "golden coastal opportunity" was high for punters either looking to buy it all or just one property, said estate agent Lewis Guy. Photo / Premium Real Estate
"It's across the road from the beach and right between Takapuna and the Milford shopping centre."
OneRoof editor Owen Vaughan said median prices for four-bedroom-plus homes in Takapuna had dipped from $3.11 million to $2.7 million in the past year.
While median house prices had fallen, the "underlying value of this particular property is its development potential and its [seaside] location".
Concept plans for the site were available by Brent Hulena. Potential buyers had expressed interest in developing the site into high-end townhouses. Photo / Premium Real Estate
"There has been a spike in apartment development in Takapuna, hand in hand with the regeneration of Takapuna's commercial and retail centre. I expect developer interest to be high."
