Last Chance for Location, Land, Income. Auction Thursday!

Consult your architect and bring your builder along with you to develop now or land bank the potential and keep earning a healthy income from the existing 4x2 bedroom units. Rarely does a property offer opportunities with this much potential.

Massively proportioned and well set out on 1949m2 of freehold land in the Mixed Housing Suburban Zone, with stormwater and wastewater services onsite (as shown on council websites). The property has a 6m
accessway which is crucial for the high-density housing on offer here. Preliminary investigations undertaken show potential for 12 Two Bedroom dwellings built to Kainga Ora and Kiwibuilds specifications (subject to council approval).

The existing block of units are currently privately tenanted below the appraised market rate of $97,760 per annum and if renovated up to $108,160 per annum.

Due to unforeseen circumstances the owners need this property sold as soon as possible and have instructed us to present all offers prior to the auction day. Don't miss this amazing opportunity to secure your future with huge upside on a rare sale of residential land this size while also having the immediate income from long term tenant. Bring your pen, pad, calculator and do the maths, this one makes cents!

Viewing strictly by appointment only.

Auction Date: 4pm Thursday 29th April 2021 (Unless Sold Prior)
Location: In Rooms - Ray White Manukau
Level 2, Van Den Brink House, 652 Great South Road, Manukau

PLEASE NOTE: Advertised areas have not been measured by the Salesperson or Ray White - A T
Realty Limited. We recommend you seek your own independent legal or expert advice if
these sizes are material to your purchasing decision.