Property listing ID: 931421
Positioned in the heart of high-growth Mt Wellington, 8 McLennan Road offers a rare "triple-threat" opportunity. Whether you are an investor looking for a high-yield powerhouse, a developer seeking a site with healthy holding income, or a homeowner wanting the ultimate mortgage-offsetter this is it. The Numbers & Property Highlights: • Two Standalone Units: Both on a single title (No body corp!). • Immediate Cashflow: Unit 1 ($550/wk) + Unit 2 ($550/wk) = $1,100 per week total. • Land Size: 809sqm (more or less) • Zoning: Mixed Housing Suburban – providing significant future intensification potential (subject to Council consent) • Rates: $5,141.02 (2025/2026). Why This Works: • For Investors: Low vacancy risk with two separate tenancies and a combined $57,200 annual return. • For Homeowners: Live in one and let the other pay a massive chunk of your mortgage. • For Developers: A rectangular 809sqm site with substantial holding income to cover your costs while you secure your RC and EPA. • For Families: Perfect for multi-generational living or keeping the kids close but independent. Prime Location Convenience is king here. You are minutes away from the retail mecca of Sylvia Park, major transport hubs, and easy motorway access North and South.
Listed by Barfoot & Thompson , Steve Wu (Remuera)