A pair of adjoining one-bedroom homes built in the late 1940s and situated on a large corner section - which stretches
across two Auckland’s inner-city fringe suburbs - have been placed on the market for sale.
The two properties at 1 and 3 Mokau Street on the Ponsonby/Grey Lynn border comprise two single-level units built in the
1940s - sitting on a combined landholding of some 750-square metres at the intersection of Richmond Road. Each unit has
its own individual land title.
Number 1 Mokau Street sits on a 379-square metre site with a separate single vehicle garage and driveway off Richmond
Road. The dwelling’s yard space is surrounded by hedge-lined borders. Zoning by official real estate data agency Land
Information New Zealand identifies the property as being within the suburb of Grey Lynn.
Meanwhile 3 Mokau Street is a tree-lined 371-square metre site with uncovered vehicle parking, and a sizeable wooden
deck area off the dining room then stepping down onto the lawn. Land Information New Zealand identifies this property as
being within the suburb of Ponsonby.
The internal room layout of the two units varies slightly, however they both have all-in-one bathrooms, as well as
office/media rooms, in addition to the sole bedroom within each dwelling.
Both units are situated on flat freehold land zoned Residential Mixed Housing Urban under the Auckland Council Plan, and
are now being marketed for sale by tender through Bayleys Ponsonby, with tenders closing on August 10. Bayleys Ponsonby
salespeople Jock Kooger, Pawel Smuga, and MJ Kooger said the two units would appeal to the full gamut of cliched buyer
dynamics. They said the units could be tendered for individually, or together.
“Brimming with character and reflective of New Zealand’s post-war era state house architectural style, both dwellings
have remained true to their original design,” Jock Kooger said.
“In their current configuration, the two well-maintained and ‘ready-to-move-in-to' low maintenance units would obviously
hold substantial interest for residential property investors looking for an instant revenue generator.
“Under that auspice, they are perfect for a buying intervention by the proverbial ‘bank of mum and dad’ looking to
purchase two similarly-sized and apportioned dwellings for their children. Being of nearly identical size, room
configuration and location that would circumvent any arguments between the children on any perceived preferential
treatment.
“And for ‘empty nester’ investors there is also the potential to have one of the dwellings utilised as an owner-occupier
residence, and letting the adjoining unit. With the option of both units being sold jointly, there could well be
encouraging implications for lending limitations which potential buyers could discuss with their financial advisors.”
Pawel Smuga said Auckland Council’s Residential Mixed Housing Urban zoning also meant the corner site with access from
two different streets would appeal to property developers looking at intensifying land-use on the location while
simultaneously retaining the character of the Grey Lynn/Ponsonby locale.
“The Residential Mixed Housing Urban classification allows for the increase of housing capacity up to three storeys high
on a site which has good access to public transport, which the Mokau Street addresses certainly do - being just across
the road from a bus stop on Richmond Road,” Smuga said.
“The zoning allows for up to three dwellings to be built as of right, of course subject to compliance with council
standards to ensure a quality outcome for adjoining sites and the wider neighbourhood, while resource consent is
required for four or more dwellings.
“The bylaw allows for the construction of new homes in a variety of variety of sizes and forms - including detached
dwellings, terrace housing and low-rise apartments.”