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.
Live Music Sat 28th Sept, Manukau Cruising Club in Onehunga
Hey everyone! Just a quick reminder that Bakelite Brothers are playing at the Manukau Cruising Club in Onehunga this coming Saturday 28th Sept. It's our first time playing there on a Saturday, so we hope to see a great turnout!
Doors open at 1pm for setup, and we'll be playing our mix of popular songs from 2pm to 5pm. The bar will be open, and there's no cover charge.
Come on down and enjoy some live music with us. We'd love to see you there!
Support Local Live Music! 🎶
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