1 Karetu Road, Greenlane, Auckland

3 x 1 Bedrooms Flats - Grammar Zone

* Two street entrances, Karetu Road and Cornwall Park Avenue\n* A level building site, 807sqm (1 per 375sqm)\n* Three, one-bedroom flats (with potential holding income)\n* District Plan allows for two dwellings\n* Double Grammar zone\n\nThe possibilities for this well situated site are enormous. You may choose to develop the property with two standalone townhouses, or restore the existing building to its former glory as a character villa or even landbank the site and take advantage of a potential holding income from the three one-bedroom flats.\n\nAccess to schools, everyday amenities and main arterial routes position this property in a highly desirable location ensuring a solid investment.\n\nAUCTION: 2pm, Wednesday 27 March 2013 (unless sold prior)\nMaritime Square, 4 Viaduct Harbour Avenue, Auckland\n\nAbout Greenlane:\nGreenlane is a bustling suburb of Auckland that boasts home to shops from antiques, international cuisine, fine restaurants and bars. Some fine examples of Greenlane shopping include 'Nosh Food Market', who describe themselves as goodies from around the globe and down the road, Huckleberry Farm is Auckland's largest organic and natural supermarket. There is a good selection of restaurants and bars and the 1920s Lido Cinema still operates, one of the few stand alone suburban cinemas to do so. \n\nThe area is zoned for two of Auckland's highly sought-after and regarded State Secondary Schools, Auckland Boys Grammar and Epsom Girls Grammar and there are a number of excellent Primary Schools in the area.\n\nCornwall Park almost lies in the centre of the Greenlane area and attracts families and sport enthusiasts, has wonderful picnic areas and in summer plays host to musical evenings. \n\nIt is conveniently situated for travel to the CBD and the surrounding areas of Epsom, One Tree Hill and Remuera. Excellent public transport with buses to most parts of Auckland, and Greenlane Train Station nearby. \n\n