132 Astley Avenue, New Lynn, Waitakere

Investment Flats on Large Land Holding

- 1,007sqm land zoned Residential - Mixed Housing Urban
- Includes block of 3 x 2 bedroom investment flats returning $72,800 p.a.
- Strategic New Lynn position with easy access to amenities and transport
- Enjoy the existing income, landbank or undertake full development

A rare opportunity to secure an underdeveloped north-facing fee simple site in New Lynn, a thriving West Auckland suburb which is sought after with investors and occupiers. The property offers significant development potential due to its Residential - Mixed Housing Urban zoning, which allows for terrace house or low rise apartment buildings (subject to council consents).

This North facing position will offer extensive views once developed and is located in a highly convenient position with easy access to public transport, Lynnmall and Auckland CBD.

The property is currently configured as 3 x 2 bedroom flats, returning a total $72,800 p.a.