68 Portage Road
Papatoetoe, Manukau City
Papatoetoe, Manukau City
SOLD
SOLD
This property is now SOLD. Call us if you are wanting to sell.
If properties with the potential to subdivide and develop are a rare find, then properties with approval for immediate redevelopment (Resource Consent/ Building Consent Approved) with a fixed-term lease income at the same time are virtually non-existent. But our feature listing represents just such an opportunity.
The property sits on a 688m2 fee-simple land parcel, zoned for Business- Neighborhoods Centre, a shop with 80m2 of floor area is currently leased to a Bakery and Lunch Bar with a fixed term until Jan 2024.
A master plan has already been put together for this flat section and ready to go! Resource Consent has been issued which allows for 7 units (plus 7 under-covered parking) and 1 retail to be built within the site. Re-development could be done in two stages:
1.Stage One is to develop the vacant land at the rear of the section. Building Consent has been approved for an immediate start on a two-story multi-unit dwelling, consisting of one 3-bedroom unit on the ground level and three 2-bedroom units on the upper level. Each unit has one allocated carport and a private outdoor deck/ garden.
2.Stage Two is to demolish and re-develop the existing shop into a three-story dwelling consist of one 2-bedroom unit, two 1-bedroom units, 1 retail shop, and three carports. Resource Consent has been approved with validity through to 2024.
With the proximity to local parks, schools, transportation and a host of convenient amenities underpins your investment.
For more information or to arrange a viewing call Chongde Tang on 021 684 588 or Maggie Ma on 021 287 7888.
Conjunctional welcomed by all agencies.
PLEASE NOTE: Specified floor and land area size have been obtained from multiple sources: Property Smarts, Property-Guru, Auckland Council (LIM), or Title documents. 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.
If properties with the potential to subdivide and develop are a rare find, then properties with approval for immediate redevelopment (Resource Consent/ Building Consent Approved) with a fixed-term lease income at the same time are virtually non-existent. But our feature listing represents just such an opportunity.
The property sits on a 688m2 fee-simple land parcel, zoned for Business- Neighborhoods Centre, a shop with 80m2 of floor area is currently leased to a Bakery and Lunch Bar with a fixed term until Jan 2024.
A master plan has already been put together for this flat section and ready to go! Resource Consent has been issued which allows for 7 units (plus 7 under-covered parking) and 1 retail to be built within the site. Re-development could be done in two stages:
1.Stage One is to develop the vacant land at the rear of the section. Building Consent has been approved for an immediate start on a two-story multi-unit dwelling, consisting of one 3-bedroom unit on the ground level and three 2-bedroom units on the upper level. Each unit has one allocated carport and a private outdoor deck/ garden.
2.Stage Two is to demolish and re-develop the existing shop into a three-story dwelling consist of one 2-bedroom unit, two 1-bedroom units, 1 retail shop, and three carports. Resource Consent has been approved with validity through to 2024.
With the proximity to local parks, schools, transportation and a host of convenient amenities underpins your investment.
For more information or to arrange a viewing call Chongde Tang on 021 684 588 or Maggie Ma on 021 287 7888.
Conjunctional welcomed by all agencies.
PLEASE NOTE: Specified floor and land area size have been obtained from multiple sources: Property Smarts, Property-Guru, Auckland Council (LIM), or Title documents. 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.
View Property
Property Features
Get in touch
