Block of Units on Expansive Land Holding

RWC Land Sales is proud to partner with Ray White Grey Lynn to present to market 52 Tuarangi Road, Grey Lynn.

This 1,125sqm Mixed Housing Urban Zone property in Grey Lynn presents a rare large land holding with a holding income of approx $120,640 per annum.

With its central Auckland location, and substantial holding income the property offers a unique opportunity to take your time to plan for it's future development. Or sit back and enjoy the revenue generated from the 5 long term tenants. Opportunities like this are hard to come by in such a sought after suburb.

This site itself is regular in shape with an approx 25m road frontage, with both stormwater and wastewater running through the site. It is locally nearby to MOTAT, Western Springs, Auckland Zoo, Grey Lynn shops, and minutes away from SH16 and SH1 allowing easy access across Auckland. Various public transport options are nearby including buses on Great North Road, and the Morningside train station only 1.5km away.

Key Features
• 1,125sqm Freehold Land
• MHU Zone
• Approx 25m Site Width
• Well maintained 1940s dwelling in 4 flats (1 x 3 bedroom, 2 x 1 bedrooms, 1 x studio)
• Garaging plus plenty of off-street parking
• Holding Income approx $120,640pa

Vendor's instructions are to ignore the CV $3,600,000 (2021).

52 Tuarangi Road, Grey Lynn is being offered for sale through an Asking Price of $2,525,000

For further information or to inspect the site please contact, Kaid Maycock (021 461 884) or Finn Hurst (027 688 8970).