Retain existing and build new?

Moved to Australia! Present your offer!!

Huge Opportunity and Land! The vendors' instructions are clear; they paid $1,400,000 and are prepared to take a hit! They have moved and established a fresh start in Australia, and can't pay the mortgage on two properties, so this property has to sell!

Situated on a substantial 1,029 sqm lot within the Mixed Housing Urban Zone, this property is primed for future development. With wastewater services already on-site and stormwater lines conveniently located near the rear boundary, the land offers excellent potential for further development or land banking.

The spacious weatherboard house is thoughtfully divided into two distinct living areas. The main section features four bedrooms and a generous living space, while the extension includes one bedroom, a study, and an additional living area with separate access. This versatile layout provides flexible living options or the potential to maximize rental returns, with the property currently generating a combined rental income of $1,080 per week.

Conveniently located near East Coast Bays, Wairau Park shopping complex, and with easy access to Glenfield, Constellation Drive motorways, and the Park & Ride Bus Terminal, this property is ideally situated. It is also zoned for Albany Junior and Senior High Schools, further enhancing its appeal to both tenants and future buyers.

Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, technical advice, Auckland Council advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.