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Herne Bay

181 Jervois Road, Herne Bay, Auckland

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260sqm Floor area
701sqm Land area SQM

Tender

(unless sold prior)

Herne Bay investment with upside


- Four well-presented 2-bedroom flats returning $126,880 p.a.
- 701sqm freehold landholding with favourable THAB zoning
- Enjoy the income, landbank or investigate the development upside
- Offshore vendor liquidates!

A rare opportunity to secure a trophy block of flats in one of the most sought-after and aspirational locations Auckland has to offer.

Comprising four well-maintained 2-bedroom flats, this split-risk investment provides a conservative $126,880 annual rental. Positioned on a flat 701 square metre site on the northern slopes of Herne Bay with favourable Residential - Terrace Housing and Apartments (THAB) zoning, there are exciting development possibilities to consider. This tightly held, upmarket location is home to designer boutiques, award-winning hospitality and is moments from the CBD.

Following long-term ownership, our offshore vendors are seeking an exit from this treasured asset. A proven performer that demands consideration!

Tender
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

12

Jul

Time4pm
Calander
Calendar
James Were

James Were


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Phil Haydock

Phil Haydock


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Wei Wei Elder

Wei Wei Elder


Bayleys Real Estate Ltd, Remuera,
Licensed under the REA Act 2008

Features

Freehold


701sqm freehold landholding with favourable THAB zoning

Investment flats


Four well-presented 2-bedroom flats returning $126,880 p.a.

Options


Enjoy the income, landbank or investigate the development upside