650a Mt Albert Road, Royal Oak, Auckland

Cash Flow, Land bank, Development in Royal Oak

Situated on a treasured two titles comprising of 2233 square metres (more or less) and with twin drive access, this huge villa has to be one of the hottest properties on the market.

This unique offering is brought to the market after many years with only one instruction from our owners....."It must Be Sold"

This turn of the century villa (circa 1900) has been converted into a large boarding house of 24 bedrooms, currently leased for the next three years by Willow Lodge returning over $73,000 per year + GST in rent with a right of renewal of a further three years in June 2023.

Zoned "Mixed Housing Urban" and 'Mixed Housing Surburban' there is potential here on so many levels. Land bank for future development (within approved local authority regulations), take over the operation of the boarding house after the lease expires and generate even more income, or renovate to bring this grand old lady back to her former glory.

A detailed property information pack (including LIM and Certificate of Title) is available

As the property is currently operating as a boarding house, viewing is by appointment.

This is an outstanding opportunity not to be passed by.

Come visit, do the math and secure your future.

*Boundary Lines are indictive only