1-32/222 Albany Highway Schnapper Rock, North Shore City

Large-Scale Development Site - Holding Income + Major Upside

This is a rare, high-value development holding on a 6197 sqm north-facing freehold site (Lamb & Associates survey) positioned immediately off the Upper Harbour Highway motorway ramps - one of the strongest growth and connectivity locations on Auckland's North Shore.

Zoned Residential - Terrace Housing and Apartment Buildings, the site is supported by concept plans indicating capacity for 115+ apartments, unlocking substantial density and yield in a market where large, consent-friendly land parcels are increasingly scarce.

In the interim, the property delivers strong cash flow from an established 32-unit apartment complex, returning approximately $918,800 gross per annum, allowing developers to land bank with income while progressing design, consenting or funding strategies.

The existing improvements comprise two low-rise blocks with excellent solar orientation, arranged around a central courtyard and enhanced by elevated communal amenities including a shared terrace and in-ground swimming pool. Basement parking, generous on-site car parking and mixed-use components in parts of the complex add flexibility and future redevelopment optionality.

This is a proven rental location with deep tenant demand, driven by immediate proximity to Massey University, North Harbour Stadium, Albany Business Park, major retail, public transport and motorway access. Walking distance to cafés, gyms, office precincts and the North Shore Golf Club further underpins long-term value.

Large land. Strong zoning. Holding income. Clear development pathway.
Opportunities of this scale and positioning are tightly held and seldom available.

Contact Justin Wu to secure information and register your interest in this prime North Shore development estate.

Register your interest with the Team for further information on this prime development opportunity.