Waterfront Cash Cow With Upside


1,2 and 3/19 King Edward Parade, Devonport

Private Treaty

Download Email
Waterfront Cash Cow With Upside | 1,2 and 3/19 King Edward Parade, Devonport | 1504542 |      X Close
Image
Description

Waterfront Cash Cow With Upside


Occupying a prime waterfront position on King Edward Parade in the picturesque North Shore suburb of Devonport sits this stunning investment opportunity comprising three townhouses on a 551sqm site in one of Aucklands most desirable localities.

A myriad of options exist for prospective purchasers ranging from occupation, investment acquisition underpinned by a low risk diversified cashflow to a more aggressive renovate, re title and re sell play unlocking further value.

The property consists of three well laid out generous two-bedroom units each across two levels currently on individual 1/3 cross lease titles (to be sold as one). The dwellings provide a sweet spot both from a rental income perspective and from a potential future splitting and sell down with affordable renting/buying opportunities in the area almost impossible to find.

A moments walk from Devonport village and ferry terminal and just in time for Christmas, act now and think later. A risk diverse asset with waterfront position, high yield and capital growth you wont be looking back.

1,2 and 3/19 King Edward Parade, Devonport

Open in map