Extraordinary opportunity! Northern slopes gem comprising of an attractive, spacious five bedroom family home with private north facing manicured garden, plus three, two bedroom terrace houses. A total land holding of approx. 1593sqm on four separate titles positioned down a private, quiet cul-de-sac. Smart investment, passive income, land-banking or long term development options.
The solidly constructed family home is ideally located at the northern end of the property. This provides complete separation and privacy from your three units that are located on the southern end of the property. The family home has four double bedrooms plus two bathrooms including a generous master suite. Living areas are spacious and the open plan kitchen flows to an outdoor patio and garden bathed in all day sun. Double internal access garaging, office, combined laundry/bathroom and workshop with add value potential to create a media room or large rumpus room in the expansive basement area. There is also a separate carport with attached storage/boat shed.
Each two bedroom unit has an exclusive carport, fenced garden with a sunny westerly aspect and offer solid rental income.
Excellent location handy to public transport, Orakei Basin walkways, Meadowbank primary and local amenities. The property presents a unique and safe investment opportunity. Savvy buyers will appreciate the extraordinary potential of this home with income in a top Remuera neighbourhood.
Note: Photos of units are available on request.
Property Specifications:
House Area: 215sqm - house, 72sqm - per unit (approximately)
Land Area: Total 1593sqm (more or less)
CT: NA49D/513, NA49D/514, NA49D/515 and NA49D/516
Legal Description: Flats 1, 2, 3 & 4 DP 93216, Carports 1, 2 & 3 DP 93216, Lot 49 DP 47734
Rates: $11,094.28 (total)
CV: $1,950,000 (house), $760,000 (per unit), Total - $4,230,000
School Zones: Meadowbank School, Remuera Intermediate, Selwyn College