A 1700 sq m plot of bare land that borders St Paul’s College is being sold by the Marist Brothers’ Trust Board.
The land is being subdivided from the school and is therefore yet to be assigned a capital valuation.
Ponsonby is one of the Auckland’s most sought-after post codes. There were 14 residential sales in Ponsonby in April, with a median selling price of $1,469,500, according to latest Real Estate Institute figures.
St Paul’s chairman of the board, Denis Wood, said the land up for sale was surplus to what they needed at the school.
“We have around 6 hectares of land – more than enough land to accommodate a growing school.”
Mr Wood said the Marist Brothers’ Trust had agreed that all proceeds from the sale of the land would go back into the school, to help with a new redevelopment project.
The project involves new classrooms, an administration block and a new middle school being built by February 2017.
Source
- nzherald.co.nz
- Image: nzherald.co.nz