Just a thought NG.
The average house price at Stanley Point just along from the base itself is $1.75m. Narrowneck, Cheltenham and Devonport village are all over $1.3m.
Question how big is the base in area? And how many low-rise apartments could be squeezed on there? Why not sell it?
People (well rich people) would pay well over a million for a quality waterside 3LDK apartment with seaviews across to the Auckland skyline, 2 car parks and a 10 minute Ferry ride into the CBD.
Help solve Auckland's housing crisis. Use the money to build a new Naval base at the Port of Tauranga and a small Naval unit down South.
I have always wondered how future MarPol laws will affect Waitemata Harbour in 20 odd years anyway.
Post script:
The Navy have a further 21 valuable properties along Calliope Road.
Navy tenant commands top digs - National - NZ Herald News
Cheers, MrC