Cloverlea
86 and 90 Gillespies Line and 15A Tararua Terrace, Cloverlea, Palmerston North
For Sale by Negotiation
Prime residential development opportunity
Unique three title property package - A developer's dream!
Unlock the potential of this rare offering consisting of three adjoining titles (all owned by the same Estate) totalling 2,718sqm (more or less) of prime, flat residential land. Strategically located in the popular suburb of Cloverlea, this is a golden opportunity for land developers seeking a valuable investment.
Property Details:
Lot 1 - 90 Gillespies Line
• 1432sqm (more or less)
• Large original homestead in need of major renovation or demolition.
• Value primarily in the land and quality wood for recycling.
• Ideal for developers with a vision for transformation or on-sell.
Lot 2 - 15a Tararua Terrace
• 740sqm (more or less)
• Best access point to the entire site.
• Features a shed-like dwelling currently used as a rental property.
• Tenant interested in staying, offering potential rental income while development plans come to fruition.
Lot 3 - 86 Gillespies Line
• 546sqm (more or less)
• Well-maintained three-bedroom, one bathroom home.
• Currently rented to a support group at top rent.
• Excellent option for first home buyers, investors, or developers.
• Possibility for tenant to stay or vacate upon settlement.
Why You Should Invest:
• Rare Opportunity: Large residential land with two access ways, prime for development.
• Versatility: Suited for developers, land bankers, first home buyers (86 Gillespies Line), and investors.
• Income Potential: Existing tenants currently willing to stay, allowing for flexibility for new plans.
• Location: Easy access to all city amenities, making it an attractive prospect.
Tender Sale Process: The Estate is highly motivated to sell and has opted for a Tender sale process to get a quick result. Act now to secure this lucrative investment opportunity.
For more information and to seize this chance, contact Ian Robinson today. Don't miss out on this golden opportunity to shape the future here! Open home attendees please visit 90 Gillespies Line in the first instance.
