5 Burns Avenue, Takapuna, North Shore

THAB development site - 22.5m height overlay

• 1,040sqm (more or less) freehold site
• Prime Takapuna location
• Terraced Housing and Apartment zoning
• Holding income from four tenancies

Situated on the doorstep to Takapuna's CBD the property consists of a 1,040sqm (more or less) Terraced Housing and Apartment zoned corner site.

The property benefits from a 22.5m height overlay given its proximity to the Takapuna metropolitan centre allowing for a more intensive redevelopment in the future. The site is rectangular in nature and currently has four tenancies across two dwellings providing a strong holding income for the next successful purchaser.

Takapuna is booming following an intensive re-zoning outcome under the Auckland Unitary Plan. With several developments now out of the ground and successfully sold down sites of this nature are extremely sought after, being driven by the strong end use demand from a demographic of apartment occupiers downsizing from larger family homes and young professionals.

A strategic medium term landbank or immediate redevelopment site in the North Shore's most sought after suburb.

For more detailed information about this property please register your interest here:
https://www.propertyfiles.co.nz/property/1502950