Property listing ID: 4115886
131–135 Great North Road and 5 Scanlan Street is a substantial Freehold corner landholding on the Great North Road ridge, one of Auckland's most tightly held city-fringe precincts. The property sits at the heart of Auckland's premier automotive quarter, alongside showrooms for Aston Martin, Bentley, Lamborghini, McLaren, Porsche, and Audi. It has high-profile exposure to a major arterial, with the Central Motorway Junction and Northwestern Motorway minutes away. Positioned near the CBD, Ponsonby, Grey Lynn, and Herne Bay, the ridge's elevated north-facing outlook over the Waitemata Harbour has driven a continual cycle of apartment development along the corridor. The 2,429m² site comprises five titles, with 28m of frontage to Great North Road and 71m to Scanlan Street. The land falls approximately seven metres to the north, allowing at-grade access from both streets on different levels. It is zoned Business – Mixed Use with a 27m height limit and falls within proposed Plan Change 120, which increases developable height to 50 metres. The primary three-level building provides 3,006m² of net lettable area. An extensively glazed corner showroom, retail, and office accommodation face Great North Road. Below, high-stud showroom, workshop, warehouse space, roller-shutter loading, and basement parking are accessed at grade from Scanlan Street. The property is leased to three commercial tenants and one residential tenant, returning $482,640 per annum with one tenancy vacant. Flexible occupancy arrangements include early termination provisions within all tenancy agreements. The holding will appeal to a range of buyers. Automotive operators can secure a flagship Great North Road dealership, with display, servicing, and vehicle storage under one roof. Developers can consider large-scale apartment or commercial schemes on a site with harbour outlook while collecting holding income. Investors can add value through repositioning. KEY FEATURES: • Prominent position in Auckland's premier automotive quarter, with minutes to the motorway network • Prime Freehold corner site of 2,429m² across five titles, with dual street frontage • Business – Mixed Use zoning with a 27m height limit, proposed to increase to 50m under Plan Change 120 • 3,006m² of net lettable area, including a glazed corner showroom, workshop, warehouse, and a residential dwelling • Income of $482,640 per annum, with flexible occupancy options Quality holdings of this scale and future options are rare. Contact now for further information.
Listed by Barfoot & Thompson , Cam Paterson (City Commercial) , Justin Lowe (City Commercial)