60 Allen Street, Morrinsville, Matamata-Piako

Prime development opportunity

•2,792sqm (more or less) land holding with three-bedroom bungalow
•Subdivide into multiple lots (subject to council consent)
•Strong demand for residential properties
•Strong rural service town
•Proximity to Hamilton
This prime freehold section presents a key opportunity to capitalize on the huge demand for residential sites by developing in the thriving Waikato town of Morrinsville.
Set on the front of the substantial 2,792sqm (more or less) land holding, the three-bedroom family bungalow can be refurbished and tenanted providing a holding income while exploring subdivision possibilities or renovated and sold off releasing funds for further development plans.
Limited residential options have created demand throughout the Waikato and Morrinsville is no different, with many people viewing the town as a viable alternative to Hamilton due to its proximity. Subject to council consent the possibility of subdividing into multiple lots makes this a no brainer for any developer.
With easy access to arterial motorway systems and its close proximity to Hamilton, this is a multi-level opportunity either as an investment giving a holding income while exploring subdivision potential or to redevelop completely.
Don't miss out, get mooooving today.