28 Alpers Avenue, Epsom, Auckland

Packed with potential on 1558sqm

Proudly occupying a 1558sqm site on one of Newmarket's signature Avenues, this investment and development package is offered to the market for the first time in four decades. Currently serving as a reputable rest home, 28 Alpers Avenue has operated as aged-care facility for many years - with lease now out of term. Take the reins of this potential-packed address and re-lease, land bank or develop.

A superb central Auckland location combined with Mixed Housing Urban zoning make for the perfect investment combo. Newmarket Westfield is less than 5 minutes walk away. Take your pick of local eateries, parks and walks - including Mt Eden summit. Zoned for Double Grammar, St Cuthbert's and Diocesan School for Girls are also just down the road.

The huge bungalow onsite is full of character - at home in this leafy green neighbourhood. Currently configured to meet the needs of its tenant, the gated residence offers off-street parking for multiple cars while a quaint garden area awaits at the back.

Central Auckland opportunities of this calibre are few and far between. Call Wei Wei today to receive the information pack for this standout address.


PROPERTY SPECFICATION:

Land Area: 1558sqm (more or less)

CT: NA33A/963 (Freehold)

Legal Description: Allotment 168 Section 6 Suburbs of Auckland

Rates: $9,367.62 GST inclusive (2020/2021)

Double Grammar School Zone: Epsom Girls Grammar and Auckland Grammar

Lease Term: $90,000 plus GST (ends September 2022)