1A-C Saint Johns Road, Meadowbank

Deadline sale closes 31st July 2025 at 2:00PM(Unless sold prior)

138m² Floor Area
1040m² Land Area

CALLING DEVELOPERS, INVESTORS, & LAND BANKERS


Barfoot & Thompson is proud to present a rare chance to secure two adjoining Freehold titles in a highly sought-after city fringe location, perfectly positioned between Remuera and Meadowbank. This offering is ideal for landmark development, high-value land acquisition, or long-term income-generating investment.

1A-C St Johns Road:
  • Freehold land of 540m² with an existing building of 138m²
  • Currently tenanted by three businesses, generating $62,000 + GST p.a.
  • Rents have remained significantly below market rate for years, offering clear upside potential
  • CV $2,350,000 as 1 May 2024

9 Lavender Court:
  • Subdividable Freehold section of 500m²
  • All services on-site and ready for development
  • CV $1,850,000 as of 1 May 2024

Both properties are zoned Business Local Centre. With the Government’s newly introduced 20% income tax reduction for new commercial developments, this is an increasingly attractive proposition for developers seeking long-term financial benefits. The combination of strong location fundamentals, zoning flexibility, and government incentives makes this site a standout opportunity.

KEY FEATURES:
  • Combined Freehold land area of 1,040m² across two titles (more or less)
  • Established rental income of $62,000 + GST p.a. (from retail/street-front tenants)
  • Favourable Business – Local Centre zoning for flexible development options
  • On-site parking available

Opportunities of this scale and calibre on St Johns Road are extremely limited.

Contact the sole agents today to arrange a viewing or to request more information.

Property details

Location:
1A-C Saint Johns Road, Meadowbank
Land area:
1040m²
Property ID:
4080257

Deadline sale details

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