Renovate or Detonate - RC Approved For 9 Homes

This property is situated in a Mixed Housing Urban Zone and holds significant potential for future development. A generous 1050m2 of freehold land with granted resource consent for 9 townhouses adds a valuable opportunity for those keen on capitalising on the growing demand for high-density housing in the area.

This investment portfolio boasts two legal two-bedroom Brick & Tile flats, presenting an excellent addition to your investment strategy. Both units offer a stable, long-term income stream of rent of $510 per week per unit, with a combined $53,040 per year, making this an ideal investment opportunity while you landbank.

The stormwater and waste are all onsite and the ideal flat contour land for subdivision.

The location is another standout feature, providing convenient access to the Westgate shopping centre, motorway, local parks, etc, a perfect blend of urban amenities and recreational spaces. Additionally, being zoned for Massey High School and Primary, this property is poised to attract families seeking a comfortable and convenient living space.

• Two x 2 brick-and-tile units with combined income of $53,040pa.
• Stormwater and wastewater onsite
• Flat 1050m2 freehold land
• Mixed Housing Urban Zone
• Resource Consent was granted for 9 properties

Don't miss out on this exceptional opportunity to enhance your investment portfolio!

Linh Yee
linh.yee@raywhite.com
021 540 466