3 Birdwood Crescent, Parnell, Auckland

Trophy Investment With Add Value Opportunity

First time to market in 48 years, 3 Birdwood Crescent, consists of a four level freehold apartment building superbly positioned in the heart of sought after Parnell.

Designed by architect Vladimir Cacala, the top three levels contain 9 apartments, being six two bedroom and three one bedroom. Every apartment enjoys a westerly aspect with balconies towards the city skyline and harbour. There are currently 13 carparks on site. The basement area provides storage and laundry facilities.

The property's zoning has changed under the New Unitary Plan to "Terrace Housing and Apartment Building" which increases the density. This new zoning will unlock the potential to create three new apartments at basement level within the existing building footprint as well as the potential to add two additional floors subject to zoning rules and consents.

In summary, 3 Birdwood Crescent consists of a long term trophy apartment building with significant add value opportunity on a freehold site in sought after Parnell, one of Auckland's most prestigious residential suburbs.

Property Specifications:
House Area: 796sqm + 66sqm decking (more or less)
Land Area: 701sqm (more or less)
Year Built: 1968
CT: NA96/151
Legal Description: Lot 42 Deposited Plan 2125

Rates: $15,111.49 (GST inclusive)

Land Value: $2,000,000
Improvements Value: $1,700,000
CV: $3,700,000

Auction
10am, Thursday 17 November 2016 (unless sold prior)
50 Remuera Road, Remuera, Auckland

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