Large development site - Hospital location


39 and 41 Normandy Avenue, Melville

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Large development site - Hospital location | 39 and 41 Normandy Avenue, Melville | 2312947 |      X Close
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Large development site - Hospital location


Keen eyes will see an extraordinary opportunity with this double-banger sale. Developers, investors and land-bankers will be quick to appraise the potential here with two titles on a collective land area of 1805sqm (more or less) up for grabs. Consider the location for starters. The area is highly sought for its proximity to Waikato Hospital, Braemar Hospital, medical services and the CBD. Number 39 is a 1920s three-bedroom bungalow while number 41, built in 1972, is a four-bedroom home. The houses are on freehold titles, occupy flat parcels of land, and are possibly relocatable. They are in good condition and are strong rentals for landlords or land-bankers, current income being $50,440pa. However, the location and zoning does scream 'development'. Developers will easily envision a large residential development modernizing the landscape and catering to the city's high demand for housing. Accommodation near hospitals and inner city is perpetually sought, and Melville will always be on the rental radar. The area is a key suburban growth hot spot, and this fully serviced site is fit for several options. Contact Aaron Paterson for a full information pack.

Aaron Paterson

Hamilton

Licensed under the REA Act 2008

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39 and 41 Normandy Avenue, Melville

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Aaron Paterson

Hamilton

Licensed under the REA Act 2008

View profile