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.
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Merry Christmas to our Neighbourly community!
We’d like to say a big thank you to everyone who has supported us this year, your trust, recommendations, and kind words truly mean a lot to our small local business.
Wishing you and your families a Merry Christmas and a Happy New Year filled with peace, good health, and joy. We look forward to helping our lovely community again in the new year
Kind regards,
Alex & Linda
Happy Holidays
The Saint Johns Butchery team wishes everyone a happy and safe Christmas and New Year! We'll be taking some time out to spend with friends and family too. Our opening hours over the holiday period...
24-26 December ... CLOSED
Saturday 27 December ... OPEN
Sunday 28 December ... OPEN, morning only
Monday 29 December - Friday 9 January ... CLOSED
Saturday 10 January ... OPEN
Thank you for your custom and support this year. Enjoy your summer and we look forward to serving you again in 2026. Happy holidays!
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