Residential with re-development potential

This 3-4 bedroom property represents a fantastic opportunity to secure a well located residential asset that also includes redevelopment potential with a holding income.

•Located in the popular suburb of Glenfield in Auckland's North Shore
•Appealing aspect looking back across to Takapuna central
•Walking distance to the Glenfield Mall and shopping precinct
•600sqm (more or less) freehold site zoned Residential Mixed Housing Urban - allowing for future intensification of the site
•Rental income of approximately $30,160pa gross.

The Residential - Mixed Housing Urban zone is a high-density zone enabling a greater intensity of development than previously provided for. It's anticipated that over time the appearance of neighbourhoods within this zone will change to include a good mix of detached dwellings, terraced housing and low-rise apartments.

Please contact a member of the project team for further information or to arrange a viewing of the property.