Million-dollar dumps: The Auckland car park worth $82.5 million
Downtown Auckland is going through huge transformation with its various streetscape and transport projects. But in stark contrast, several plots of land worth hundreds of millions of dollars have sat as car parks since buildings were knocked down in the 1980s.
The Elliott St car park sits on a 4417 square metre plot of land, valued at $82.5 million.
The land has sat undeveloped as a car park - where an hour will cost you $19 - since the Royal International Hotel was demolished in 1987.
It was purchased by Singapore company NDG Asia Pacific (NZ) Limited for $53m in 2012, and in 2017 the company was given approval by the Overseas Investment Office to build and operate a 52-storey, five- star Ritz-Carlton Hotel, with 300 guest rooms, four floors for hotel facilities, six for retail and five for car parking.
The development is expected to cost $350m, with the start of construction dependent on the completion of City Rail Link. However, the resource consent for the tower is due to expire in October.
Click 'read more' for our full story.
What's On: Improve Health with Qigong
Improve Health with Qigong
- Warkworth Town Hall
Celebrating Our Resident Authors On World Book Day
It was World Book Day on the 23rd of April, so what better time to celebrate some of our talented residents who have published books.
They range from children’s books, to poems, from non-fiction to a first novel - and all are proof that there is no age limit when it comes to creativity!
Click read more for the full story.
New Lottery, New Home
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Featuring three bedrooms, two bathrooms and an open-plan kitchen, living and dining area, this home is waiting to be loved by its new owner.
Make this property your permanent residence, a holiday home, a rental, or you can simply sell it! Get your tickets today.
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