Property listing ID: 565544
The property at 252 Great North Road comprises a 31 unit complex returning $417,000 circa net situated on 3,562m² of land, zoned for apartments up to 4 storeys under the Proposed Unitary Plan. The property has previously been operated as a Motel and has quickly been leased on an individual tenancy basis providing purchasers with a cashflow holding position and flexibility to take advantage of the development potential in the future. Call now for further details. Key attributes are as follows:- • $417,000 circa net return currently run under management • 31 unit complex with an IEP rating of 85% • 3,562m² freehold land with holding income • Terrace housing and Apartment zone under the PAUP allowing buildings 4 storeys high.
Listed by Barfoot & Thompson , John Stringer (City Commercial)