Property listing ID: 930004
In tightly held St Lukes, opportunities like this are exceptionally rare. A freehold 701m² (MOL) corner site with 3 legal self-contained units on 1 title, generating approx. $86,000 per year in rental income now, with clear future potential to explore. Vendor motivation is real — this must sell. ** Approx. $86,000/year combined rent (records available) ** 701m² (MOL) freehold corner site ** 3 legal, self-contained 1-bedroom units on 1 title ** Each unit includes its own kitchen, bathroom + toilet ** 2 vehicle access points / entrances ** Residential – Mixed Housing Suburban Zone ** Previously consented for 5 units (RC now lapsed) ** Land soakage report provided ** Wastewater line appears within the boundary (purchasers to verify) ** Walk to New World; minutes to Westfield St Lukes, SH16 + Baldwin Ave Station (approx.) ** Zoned for Mt Albert Grammar School ------- Info-pack download: https://tinyurl.com/7jesmond -------- This is the sort of property investors, land-bankers, and future-focused buyers wait for — strong holding income today, with land value and development context adding another dimension tomorrow. The appeal is obvious: 3 income streams, 1 freehold title, corner position, substantial landholding, and proven historical consenting reference. Whether you are looking to hold for cashflow, reduce vacancy risk across multiple tenancies, or investigate longer-term options, this is a serious piece of St Lukes real estate. Opportunities with this mix of cashflow, land, location, and flexibility are seldom available — and motivated vendors mean this one is not here to test the market. Contact Roman Hu on 021 590 027 for viewing. Conjunctional sales are welcome.
Listed by Barfoot & Thompson , Roman Hu (Royal Heights)