Bus parking for $20m Auckland central property

A consent has been issued for bus parking on the prominent Beach Rd and Parnell Rise corner site. (Image: BusinessDesk)

Mon, 17 Oct 2022

A prime central Auckland site could be used to park buses for the next 10 years, despite the land being valued at nearly $20 million. On July 20, Auckland council granted the NZ Transport agency, Waka Kotahi, resource consent to use a prominent corner site at 154-174 Beach Rd to store up to 57 buses and put in six electric charging points. The land has a rateable value of $19.2m, according to the council website. If the bus parks covered the entire property – which they don’t – each one would sit on land worth more t...

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