Two homes. Four properties. One opportunity.
1 & 2/131 Favona Road, Favona New to the market, 1 & 2/131 Favona Road offer a unique opportunity to purchase individually, together, or as part of a larger four-property proposition. Both are 1980s two-bedroom homes in original condition, offering plenty of scope for renovators, investors and developers. Each property is held on a cross-lease title with a 1/2 share of 898sqm (more or less) and has its own exclusive-use land area. 1/131 has a garage, while 2/131 has a carport. Adding another dimension to the opportunity, 16A & 16B Hilda Road, which back onto these properties, are already on the market with the same vendor.
Together, the four properties provide a combined underlying land area of approximately 1,808sqm (more or less), with potential access from both Favona Road and Hilda Road. This creates an exciting proposition for developers and investors looking to explore the possibilities of a larger combined landholding, while still providing buyers with the flexibility to purchase the Favona Road properties separately. Conveniently located close to Otahuhu, motorway connections, public transport, shops, schools and local amenities.
The opportunity:
Two 2-bedroom homes. 1980s constructions in original condition
• Cross-lease - 1/2 share of 898sqm (more or less). Exclusive-use land areas
• Carport with 2/131 and off-street parking
Buy individually or together. 16A & 16B Hilda Road also available
• Four properties offering approximately 1,808sqm combined underlying land area
• Potential access from Favona Road and Hilda Road
Any redevelopment, subdivision, access or future use is subject to purchaser due diligence and all necessary Council and other relevant approvals.
Together, the four properties provide a combined underlying land area of approximately 1,808sqm (more or less), with potential access from both Favona Road and Hilda Road. This creates an exciting proposition for developers and investors looking to explore the possibilities of a larger combined landholding, while still providing buyers with the flexibility to purchase the Favona Road properties separately. Conveniently located close to Otahuhu, motorway connections, public transport, shops, schools and local amenities.
The opportunity:
Two 2-bedroom homes. 1980s constructions in original condition
• Cross-lease - 1/2 share of 898sqm (more or less). Exclusive-use land areas
• Carport with 2/131 and off-street parking
Buy individually or together. 16A & 16B Hilda Road also available
• Four properties offering approximately 1,808sqm combined underlying land area
• Potential access from Favona Road and Hilda Road
Any redevelopment, subdivision, access or future use is subject to purchaser due diligence and all necessary Council and other relevant approvals.
Key features
Opportunity
A versatile opportunity to purchase individually or explore the potential of combining with the neighbouring properties.
Dwelling details
Includes a separate carport, providing secure parking, and off-street parking.
Potential
Original condition offers plenty of scope to renovate, add value or investigate future possibilities.
Location
Conveniently positioned close to Ōtāhuhu, motorway connections, public transport, shops and everyday amenities.
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