Multi income on 1553m2 - Mixed Housing Urban

Appealing to developers, investors and those looking to land bank, this attractive land parcel is flat, regular shaped and zoned for intensive housing. Blessed with multiple income streams explore the abundant options whilst you look to develop today or at an undefined point in the future. Otahuhu is a central Auckland suburb on the move and its desirability is sky rocketing.

Complimented with four 2 bedroom properties. All spacious with double bedrooms, clean, tidy and complimented with heat pumps, insulation and extractor fans in place. All of the tenancies are periodic and the tenants would like to stay on.

Currently returning close to $90,000 per year with scope to increase the yield.

A convenient location appealing to commuters: Otahuhu's train station is less than a 1km walk! All the entertainment and shopping at Sylvia Park is a 10 minute drive away and Otahuhu township with the multitude of restaurants is close by, along with the new sports centre and bus interchange. Manukau City, with all the major super stores, is just down the motorway along with the airport!

Often sought and rarely found, a high yielding multi-income property with ample options to develop today, tomorrow or to simply reap the future rewards through capital appreciation.

For auction sales results from Ray White Ellerslie, other sales stats for Otahuhu and local suburbs, new listings and market news check out www.facebook.com/MtWellingtonRealEstate.

** Viewings by appointment only until Alert Level 2 - please call to arrange **