Located on Parnell Road between Domain Drive and St Marys Close, in amongst a cluster of character buildings between Newmarket and Parnell. This ideally positioned 729m² Freehold property is zoned Terrace Housing and Apartment Buildings and is centrally located.
It is well serviced by public transport links and easy access to the outer suburbs. Local attractions such as the Auckland Domain, Auckland War Memorial Museum, Parnell library, Parnell village, Westfield shopping centre, Broadway and Newmarket, are all within easy reach and cater for all services, food and entertainment needs.
The character improvements consist of a well presented 1940's dwelling, converted into three beautiful units with each having their own unique look and feel. All three units have their own kitchen and bathrooms and adjoin onto a large sunny courtyard with on-site car parks.
KEY FEATURES: • Close proximity to Newmarket, Parnell and the city • 729m² more or less Freehold site with development potential and a favourable Auckland Unitary Plan • Zoned H6 Terrace Housing and Apartment Buildings under the Auckland Unitary Plan • Improvements include three charming character units with seven bedrooms • Each unit has their own on-site car parking • Double Grammar zone
Total rental income of $110,240 per annum including GST. Two tenancies are periodic, with one being a fixed term expiring in October 2020. This is a very rare opportunity to invest, occupy or develop (subject to council approval) a Freehold property in Parnell's highly sought after precinct.