31 Mauranui Avenue, Epsom, Auckland

DGZ development opportunity with income

• Large 918sqm freehold development site with holding income
• Favourable Business - Mixed Use zoning (Newmarket Walkable Catchment)
• Strategic location near to Newmarket, motorways and train stations
• Holding income of approximately $250,000 p.a. gross from 13 residential tenancies

31 Mauranui Avenue represents a premier opportunity for investors, land bankers and developers. Totalling 918sqm (more or less) with approximately 25m of street frontage, the property sits within the Newmarket Walkable Catchment and benefits from a favourable Business - Mixed Use zoning with a current 18 metre height allowance.

Located in zone for Auckland Grammar and Epsom Girls Grammar Schools, the property is strategically positioned in close proximity to the considerable amenities Newmarket has to offer, motorway interchanges, Auckland Hospital, the CBD and not forgetting the recently completed Westfield Shopping Centre.

The property provides an attractive cashflow of approximately $250,000 p.a. gross from 12 residential tenancies and one relocatable unit. Enjoy the income while planning your development, landbank or add value, you decide.

Flexible offerings in this location are becoming increasingly scarce, be sure not to miss this one.