Bayleys is pleased to offer for Sale by Negotiation this Residential Investment, with future development potential.
The offer to the market consists of:
- 744m2 corner site with a holding income.
- 3 x 2 bedroom flats returning $57,200pa gross.
The 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.
Superbly located in close proximity to public transport, main arterial routes, the Northern Motorway, Birkenhead shops and Highbury Mall.
Neighbours in the area include an Optometrist, Legal Practice, Early Childhood Centre, Doctors Practice an Osteopath Clinic as well as other residential properties.
The 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.
Contact the Sole Agents for more information