Development site with holding income


323 Glenfield Road, Glenfield

By Negotiation

Download Email
Development site with holding income | 323 Glenfield Road, Glenfield | 1502825 |      X Close
Image
Description

Development site with holding income


•Large freehold site of 4,115sqm (more or less)

•Holding income of $38,000pa gross (approximately)

•Situated within the popular location of Glenfield on Auckland's North Shore

•Zone - Mixed Housing Urban

•A feasibility study has been completed for the purposes of Residential Development

This large site is located in the heart of the popular suburb of Glenfield on Auckland's North Shore. The property currently returns an income of $38,000pa gross from two residential tenancies and an opportunity exists to increase that income by renting out additional storage space that exists on the site.

The property is within a five-minute drive to the main Glenfield Shopping Mall and surrounding retail catchment. The larger Wairau Valley commercial precinct is also situated close-by and provides employment opportunities for residents living in the area.

Located within the Mixed Housing Urban Zone this zone allows for high density housing and subdivision to a density of 1 per 300sqm of net site area.

Please contact a member of the project team for further information or to arrange a viewing of the property.