The Lion on Zion, Birkenhead, North Shore

Residential Investment Opportunity

\nBayleys is pleased to offer for Sale by Negotiation this Residential Investment, with future development potential.\n\nThe offer to the market consists of:\n\n- 744m2 corner site with a holding income.\n- 3 x 2 bedroom flats returning $57,200pa gross.\n\nThe 1907 Kauri Villa located on this desirable corner site comprises of three, two bedroom and one bathroom flats. The three flats are currently returning $1,100 per week gross or $57,200 per annum gross.\n\nSuperbly located in close proximity to public transport, main arterial routes, the Northern Motorway, Birkenhead shops and Highbury Mall. \n\nNeighbours in the area include an Optometrist, Legal Practice, Early Childhood Centre, Doctors Practice an Osteopath Clinic as well as other residential properties.\n\nThe superb location of the property lends itself to development potential under the current Auckland Council District Plan - Operative North Shore Section 2002 as well as the Proposed Auckland Unitary Plan. \n\nContact the Sole Agents for more information\n