Property listing ID: 944749
RETIREMENT SALE – VENDOR SAYS SELL! DEVELOPERS & INVESTORS, TAKE NOTE! Opportunities like this don't come around often! Positioned on a prominent corner site in a popular and convenient location, this Home & Income property offers an exciting opportunity for developers, investors and land bankers. Zoned Mixed Housing Suburban, the property presents an opportunity to explore future residential development, subject to site suitability, council requirements and resource consent where applicable. With two existing dwellings already generating rental income, you can enjoy holding income while investigating the site's future potential. A DEVELOPMENT OPPORTUNITY WORTH EXPLORING: • Mixed Housing Suburban zoning • Corner site offering potential flexibility for future development and access • Opportunity to investigate multi-dwelling development • Two existing homes providing rental income while planning your next project • Established residential location with schools, shops and amenities nearby • Ideal for developers looking for their next project or investors seeking a long-term land banking opportunity EXISTING PROPERTY FEATURES: • Tidy 4-bedroom brick and tile family home • Separate 2-bedroom flat • 3 bathrooms and 3 toilets in total • Double carport plus 4 off-street parking spaces • Fully fenced and gated section • Both dwellings currently tenanted CURRENT RENTAL INCOME: • Main house: $680 per week • Minor dwelling: $450 per week • Combined income: $1,130 per week CONVENIENT LOCATION Within easy walking distance to Papatoetoe Central School, Papatoetoe High School, Hunters Plaza and Allenby Park. DEVELOP, HOLD OR INVEST! Whether you're a developer looking for your next residential project, an investor wanting dual rental income, or a family looking for a home with additional income, this property offers plenty of possibilities. Our retirement-bound vendor is serious about selling. Don't miss this opportunity to secure a corner site in Mixed Housing Suburban zoning! BRING YOUR VISION AND EXPLORE THE POSSIBILITIES!
Listed by Barfoot & Thompson , Ailsa Zou (Papatoetoe)