142 Princes St. East & Frank Grey Pl. undefined

About this property

THE ULTIMATE DEVELOPER'S CANVAS 5,211 SQM CORNER SITE ON 7 TITLES Unprecedented Scale in a Prime Location Potential for 48 Townhouses or 6 Luxury Estates (STCA) Maximum Settlement 30 MONTHS ON OFFER 13, 15, 29, 31A Frank Grey Place & 142, 1, 2, 3/144 Princes Street East, Otahuhu Rarely does a landholding of this magnitude, positioning, and readiness present itself to the market. Strategically positioned on a high-profile corner at the junction of Frank Grey Place and Princes Street East in Otahuhu, this massive 5,211 sqm (mol.) parcel of flat, level land represents the ultimate gold standard for development or land banking in one of Auckland's most accessible pockets. Whether you are a tier-one developer looking to maximize density or an astute investor seeking a legacy asset, this site is perfectly primed to yield exceptional returns. KEY ASSET DETAILS Total Land Area: 5,211 sqm (mol.) of flat, highly usable land. Zoning: Residential-Mixed Housing Suburban Zone Infrastructure Ready: On-site Wastewater and Stormwater connections are already established. Low Risk: Virtually no flood zone restrictions, ensuring a seamless development process. Strategic Connectivity: Direct, effortless access to the SH1 Motorway. Located just 10 minutes from Manukau City Centre and a mere 15 minutes from the Auckland CBD. ONE MASSIVE ACQUISITION | 7 TITLES INCLUDED | 1 SET OF VENDORS To be sold together as one significant land parcel, this Otahuhu estate comprises a strategic mix of bare land and existing dwellings providing immediate holding income: 13 & 15 Frank Grey Place - Bare Land 29 Frank Grey Place - Bare Land 31 Frank Grey Place - 1 Bed, 1 Bath, 1 Toilet 31A Frank Grey Place - 2 Bed, 1 Bath, 1 Toilet 142 Princes Street East - 3 Bed, 1 Bath, 2 Toilets 1/144 Princes Street East - 1 Bed, 1 Bath 2/144 Princes Street East - 1 Bed, 1 Bath 3/144 Princes Street East - 1 Bed, 1 Bath Total Existing Yield: 3 distinct structures encompassing 9 bedrooms and 5 bathrooms. COMPREHENSIVE DUE DILIGENCE PACK AVAILABLE: - All 7 Individual Certificates of Title - Resource Consent (2023) & Full Subdivision Documents - Approved SO Plans (x2) - Cato Bolam Architectural Drawings (x2) - Comprehensive Soil Tests & Topography Reports - Independent Solicitor Advice & Western Link Advice - Up-to-date Rental Appraisals for all existing dwellings - Final Auction Agreements x2 Opportunities of this scale, with this level of due diligence preparation, are practically non-existent in today's market. Secure your next flagship project. Enquire today to receive the comprehensive Information Memorandum. Auction (Unless Sold Prior) 10/06/2026 @ 11.00am In Rooms - 603 Great South Road , Manukau Disclaimer 1: Settlement will be contemporaneous to account for the Stratum in freehold block of units. Disclaimer 2: This property is being sold by auction and therefore a price guide cannot be provided. Websites may filter the property into a price bracket for functionality purposes. All prospective purchasers shall complete their own due diligence, seek independent legal and expert advice, and satisfy themselves with respect to all information supplied during the marketing of this property, including but not limited to: floor and land sizes, boundary lines, underground services, scheme plans, or consents.