3,131sqm THAB Land Returning $265,000 p.a.


880-882 Manukau Road and 108-110 Trafalgar Street, Royal Oak

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3,131sqm THAB Land Returning $265,000 p.a. | 880-882 Manukau Road and 108-110 Trafalgar Street, Royal Oak | 1689596 |      X Close
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3,131sqm THAB Land Returning $265,000 p.a.


• High profile, freehold, 3,131sqm corner site on three fee simple titles

• Returning $265,200 p.a. from 10 tenancies over 8 residential units

• Favourable intensive residential zoning suits a range of development options

• Available for purchase individually or together

• Rare large scale opportunity in an attractive City Fringe residential location

The properties occupy a high-profile corner site at the corner of Manukau Rd and Trafalgar St in Royal Oak. The property comprises eight residential buildings and are held in three fee simple titles, on a 3,131 square metre site. The properties are zoned Residential - Terrace Housing and Apartment Buildings (THAB), which provides for a range of intensive development options (including residential and accommodation) of up to 16 metres in height.

880-882 Manukau Road comprises four standalone buildings on two fee simple titles. The property features a total of five tenancies, ranging from 3 to 5 bedroom units. 108-110 Trafalgar Street comprises a block of 3 residential flats and a standalone house, combined on one fee simple title. The configuration of the flats is 2 x 2 bedroom and 1 x 3 bedroom with the standalone house being a five bedroom dwelling.

The approximate fully leased rental is $265,000 p.a. offering purchasers an attractive split risk residential income stream, or alternatively a considerable holding income while a full or partial development plan is enacted.

Call now for further information.

880-882 Manukau Road and 108-110 Trafalgar Street, Royal Oak

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