The land and buildings housing one of New Zealand's most impressive private sports car and motorbike collections in a museum-like format have been placed on the market for sale.
The Pine Harbour Motorsport Museum in the East Auckland suburb of Beachlands houses a big slice of New Zealand motorsport history, including:
• a 1928 Auburn Speedster - a class winner in the American Great Race;
• a 1977 Yamaha 750cc motorcycle which won the 1977 Isle of Man TT ridden by Joey Dunlop;
• a 1959 Cooper Climax T51 driven by motoring legends Sir Jack Brabham and Bruce McLaren;
• a 1964 JAP Speedway bike ridden by legendary rider Ivan Mauger; and
• a Ford Cosworth Sierra - which won the classic 1989 Bathurst 1000 when it was driven by Dick Johnson and John Bowe.
The collection is owned by motor racing enthusiast Allan Drinkrow, whose companies developed much of the commercial and residential property sites in and around Pine Harbour Marina. Drinkrow leases the building in which the automotive memorabilia is showcased.
The 640sq m building at 40 Ninth View Ave sits on 1416sq m of land zoned for Residential Terrace Housing and Apartment Buildings under the Auckland Unitary Plan.
The Pine Harbour Motorsport Museum - which is open for viewings to dedicated motoring enthusiasts by appointment only - pays an annual rent of $36,442.
The land and buildings are being marketed for sale at auction on October 25, through Bayleys Manukau and feature in Bayleys' latest Total Property portfolio magazine.
Salespeople Dave Stanley and Nick Bayley say the zoning of the land means the property could either be maintained in its current status under the council's "existing use" clause, or redeveloped into a different format.
"While the Pine Harbour Motorsport Museum is a modern and well-constructed, purpose-built building which is only five years old, the real value of this site lies in its reconfiguration potential as a terraced unit residential site," Bayley says.
"Across the road from the side of the museum is a row of three-storey terraced housing units built to make intense use of the land space available.
"Plans have also been submitted for an apartment complex on a similar corner site 100m away on Ninth View Ave.
"To the neighbouring side and rear of the museum building, the flat land is used as a storage yard for containers, small boat trailers and industrial piping and metalwork. This land is also zoned for potential higher density residential development.
"The museum is quite content to remain on the site as a tenant generating holding income while necessary council consents are acquired."
The existing high-beam single-storey structure on the site is separated into two distinct areas - an administrative office and staff amenities portion, and the bigger open-plan showroom section.
The building is constructed on reinforced concrete foundations, with precast concrete panels at the rear and steel columns at the front - all on a polished concrete floor. The exterior of the building is extensively glazed with commercial grade aluminium joinery.
Stanley says the location overlooks the recreationally-used Pine Harbour Marina. Under the Residential Terrace Housing and Apartment Building classification, future use of the site allowed for a high-density housing configuration.
"The purpose of the zone is to make efficient use of land and infrastructure, increase the capacity of housing, and ensure residents have convenient access to services, employment, education facilities, retail and entertainment opportunities.
"The zone provides for the greatest density, height and scale of development in all of the residential zones. Residential complexes can be built up to seven storeys high depending on the scale of the surrounding environment."