Property listing ID: 935829
Rental Income Today. Development Potential Tomorrow. Opportunities like this don't come along often. With a current CV of $1.1 million and an asking price of just $879,000, the vendors have made one thing clear: They are serious about selling. If you're an investor looking for value, this deserves your immediate attention. Set on a substantial 706m² (more or less) freehold site in the high-growth corridor between Papakura and Takanini, this property offers the ideal combination of immediate cash flow and future upside. The existing 3-bedroom home is currently returning $750 per week, providing reliable rental income from settlement while you plan your next move. Whether you're an investor, developer or land banker, the real opportunity lies in what tomorrow could bring. With services available and development potential (subject to council approval), buyers may wish to explore options including retaining the existing home while adding additional dwellings or investigating a larger redevelopment project. Why you'll love this investment: • CV: $1.1 Million • Asking Price: $879,000 • 706m² (more or less) freehold site • Rental income of $750 per week • Potential development opportunity (subject to council approval) • Close to Takanini Town Centre, schools, public transport and motorway access. Properties offering this level of value, income and future potential are becoming increasingly difficult to find. The numbers stack up. The vendor is motivated. The opportunity is yours. 101 Porchester Road – Buy the income today and unlock the potential tomorrow.
Listed by Barfoot & Thompson , Munish Bhatt (Flat Bush) , Vikas Vij (Flat Bush)