Home & Income or Land Bank? (MAGS Zoned)

Solid craftsmanship and solid dividends!

What a majestic proposition in a highly sought after part of town. Our owners have decided it's time to move on to the next adventure and so it's your opportunity to secure a piece of prime Auckland real estate - in the prestigious suburb of Mount Eden.

* Situated on a Freehold site of 586sqm (more or less)
* Instant cash in the bank
* Enough room for the whole family plus a rental
* Roof replaced and insulation installed
* A good sized rear lawn awaiting some Mt Eden styled landscaping
* Current rented as two separate tenancy's at $490 and $730 per week
* An abundance of storage space with garaging and off-street parking
* Solid brick and tile construction with room to add value
* Zoned for Balmoral School (primary and intermediate) and Mount Albert Grammar

Currently this property is converted into two flats and has the potential to develop further - converting the bottom bedroom into another self contained flat (subject to council approval) and re-configuring to capitalize on the unused/undeveloped space.

Perhaps you are after fantastic school zones in a popular city fringe location? This property could be converted back to a beautiful and prestigious forever home. "In zone" for some of Aucklands best schools - Balmoral School (primary and intermediate) and Mount Albert Grammar - it's all taken care of!

Zoned for mixed housing urban, there is potential to further develop the site (subject to council approval) - or just land bank and watch the gains.

If you have the vision, then get in touch for a private viewing - these types of properties do not stay on the market for long.

Proudly marketed by Team TaylorMade. Need to compare the value of your home? Text "TaylorMade" to 9090.