Corner Site Cash Cow

25 Tennyson Avenue, Takapuna

Private Treaty

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Corner Site Cash Cow | 25 Tennyson Avenue, Takapuna | 1502123 |      X Close

Corner Site Cash Cow

The property is situated on a prominent corner site in the sought after beachside suburb of Takapuna on Auckland's North Shore. The property benefits form a road front, high profile position in close proximity to well-resourced public transport infrastructure, high quality local amenity and life style factors that make this area so desirable.

The dwelling onsite was built in two stages and is divided into four separate tenancies. The design and layout create an appealing, functional environment with a high standard of amenity, privacy, ample storage and parking. Demand for property in Takapuna is strong and properties of this nature are highly sought after by tenants and purchasers. This unique property provides options galore, whether you are an investor, looking for a home with income, ability to accommodate extended family or take advantage of the position and profile and use part of the dwelling to run your business from the property.

Property Highlights

- 602sqm (more or less) freehold site

- Diversified income stream from four tenants

- Returning $91,260 pa gross

- High profile corner site with dual access off Burns & Tennyson Avenue

- Terraced Housing and Apartment Zoning (22.5m height limit)

- Landbank and future redevelopment potential*

Takapuna is booming as the zoning framework under the now operative Auckland Unitary plan begins to unlock the areas true potential and compliment the natural beauty, amenity and location. With cranes on the horizon and significant investment in public infrastructure to match now is the time to secure your slice of one of Auckland's most desirable suburbs.Whether you are an investor/land banker, owner occupier or would look to develop in future you can't go wrong with this combination of location, income and zoning.

Open Home Times:

Wednesdays 11am - 1pm

Saturdays 10am - 12pm

*All redevelopment, intensification or commercial use of the site subject to obtaining appropriate resource/building consent from the Auckland Council.

25 Tennyson Avenue, Takapuna

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