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.
Poll: Are quality products on the decline?
Gift-giving looks a lot different these days when you can pick up super-cheap goods made overseas. But do they last?
Do you have any old items like appliances, electronics or clothing that have stood the test of time? Share below!
-
90.1% Yes
-
8.4% No
-
1.5% Other - I'll share below
Delivery / Moving / Packing / Storage Services
**"Moving Made Easy with Pronto Movers! 🚛🏡"**
Looking for a fast, reliable, and stress-free moving service? Look no further!
🔹 **Local & Long Distance Moves**
🔹 **Furniture & Office Relocation**
🔹 **Friendly, Professional Team**
🔹 **Affordable Rates & Flexible Scheduling**
Whether you're moving across town or across the country, Pronto Movers is here to handle it all with care and efficiency. Get your free quote today!
📦 **Book Now & Move with Confidence** 📦
Public liability & Carriers insurance included.
For quotes and bookings - email moving@prontomovers.co.nz
022 024 6753
prontomovers.co.nz...
Give the gift of tickets this Christmas!
Surprise your loved ones with tickets for the Heart Foundation Christmas Lottery. It's a gift that could change their lives!
They'll have the chance to win a brand-new, fully furnished Jennian home in Clarks Beach, Auckland, valued at over $1 million. Plus, there are incredible prizes up for grabs, including international travel.
Tickets are just $15 each, and every purchase supports life-saving research. Get yours online today at heartlottery.org.nz.
Loading…
