PRIME RESIDENTIAL INVESTMENT - 36 UNITS
THE STEVENSON VILLAGE, 18 BOTANY ROAD, HOWICK, AUCKLAND
* 6,816m2 freehold site (currently in three titles) with Mixed Housing Urban zoning
* 36 well-maintained individual units currently under periodic tenancies
* Central Howick location within easy reach of major shopping centres, top schools and recreational facilities
* Multiple development opportunities supported by a solid holding income
For over 40 years The Stevenson Village has provided low cost accommodation for local elderly residents. The convenient central location, private grounds and well maintained units provide a very safe and secure setting.
A change of direction by the Trustees and recent zoning changes will enable the new owners to better utilise the 6,816m2 site. Multiple development options and a strong residential market will open the doors for astute investors and developers. A sound rental stream provides a solid holding income.
A rare opportunity to secure a large residential block with a plethora of development options.
TENDER
Closes 4pm, Thurs 8 Dec 2016 (unless sold prior)
Bayleys, 116 Picton Street, Howick
* 6,816m2 freehold site (currently in three titles) with Mixed Housing Urban zoning
* 36 well-maintained individual units currently under periodic tenancies
* Central Howick location within easy reach of major shopping centres, top schools and recreational facilities
* Multiple development opportunities supported by a solid holding income
For over 40 years The Stevenson Village has provided low cost accommodation for local elderly residents. The convenient central location, private grounds and well maintained units provide a very safe and secure setting.
A change of direction by the Trustees and recent zoning changes will enable the new owners to better utilise the 6,816m2 site. Multiple development options and a strong residential market will open the doors for astute investors and developers. A sound rental stream provides a solid holding income.
A rare opportunity to secure a large residential block with a plethora of development options.
TENDER
Closes 4pm, Thurs 8 Dec 2016 (unless sold prior)
Bayleys, 116 Picton Street, Howick