Developers, Investors and Astute Purchasers with a penchant for a profit please pay attention. Just look at what we found: a solid, traditional brick and tile home with five bedrooms, one spacious living room, and a separate dining area, plus a large flat backyard and plenty of parking.
With some renovating and updating this is the ideal spot for families to live the “Kiwi” dream, it also offers developers the rare opportunity to secure a prime position in one of East Auckland‘s hottest development areas! The property is currently tenanted with stable rental income and has proved to be a wise investment for the vendor and would be a wise addition to your property investment portfolio.
Timing is everything and the timing of this opportunity is perfect. With some swift action there is still time to lodge your RC prior to the proposed significant increase in reserve contributions and the cherry on top is that Watercare have confirmed that there is currently capacity to develop this 825m² level rectangle site zoned for Terrace Housing and Apartment Zone. Please do your own due diligence investigations but we are happy to provide you with a letter from received on 25 February from Watercare confirming the above.
A sensational location close to Ti Rakau Park, Pakuranga Plaza, Botany & Sylvia Park Shopping Centre, schools, shops, public transport, the motorway and the beautiful Eastern Suburbs beaches. The new Ti Rakau Drive road project currently underway further boosts future growth and convenience.
Opportunities like this are rare and even in this market, properties like this are normally snapped up quickly, we recommend you act fast!
