117 Milton Road, Bluff Hill, Napier

Napier Hill - rare redevelopment site with income

• 1,012sqm (more or less) in Residential Zone
• $61,880 annual rental
• Perfectly located for redevelopment

This 1,012sqm (more or less) site located on tightly held Napier Hill currently accommodates three residential rental tenancies returning $61,880 per annum. Work with the existing property manager or manage yourself to increase this rental to current appraised rental of over $67,000 while you hold for capital gain.

This large-regular shaped freehold title is flat and has good access is perfectly located for a residential redevelopment to make the most of the easy walk over to Napier CBD or down the hill to trendy Ahuriri.

Napier City Council had forecast a need for 3,500 additional dwellings within 10 years to keep up with growth, and this sunny, central Hill location is your opportunity to take advantage.

Great school zones, ideal zoning, and rarely available. Don't miss this opportunity - our instructions to sell are clear.

3D tour Unit 1 - Copy this address into your browser for a 3D tour of unit 1/117 Milton Road: https://tours.bayscan3d.co.nz/view/bayleys-kerry-geange/1-117-milton-road-bluff-hill

3D tour unit 2: Unavailable at this point

3D tour Unit 3 - Copy this address into your browser for a 3D tour of unit 3/117 Milton Road: https://tours.bayscan3d.co.nz/view/bayleys-kerry-geange/3-117-milton-road