Herne Bay investment with upside


181 Jervois Road, Herne Bay

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Herne Bay investment with upside | 181 Jervois Road, Herne Bay | 1694331 |      X Close
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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!

James Were

Auckland Central

Licensed under the REA Act 2008

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Wei Wei Elder

Remuera

Licensed under the REA Act 2008

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181 Jervois Road, Herne Bay

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James Were

Auckland Central

Licensed under the REA Act 2008

View profile

Wei Wei Elder

Remuera

Licensed under the REA Act 2008

View profile