65 Wellington Street, Freemans Bay

$2,790,000

14 Bed
3 Bath

14 Bedrooms Boarding House Urgent Sale! Cash Cow!


For entry into auction - Vaccine Passes are required.

Superb Location and golden opportunity. This huge and well-presented accommodation property set on a 546sqm freehold section in Terrace Housing and Apartment Building Zone offers options to run as a boarding house or keep it as a land bank. Featuring 14 bedrooms, 3 bathrooms, it is a rare opportunity to secure a cash cow with great potential in Freemans Bay, a highly sought-after suburb just minutes from the Auckland CBD.

The property offers significant development potential due to its Residential - Terrace Housing and Apartment Building zoning, which allows for intensive terrace house or apartment development of up to 16 metres (subject to council consents).

The existing property comprises a two-level 14 bedroom boarding house which can be sold with vacant possession or with existing residential tenancies in place. $360-$380 per week for each room.

This investment opportunity is ideal for investors who are looking for a growing and secure location.

Whether as a land bank, residential cash cow or full development, this prime opportunity is a must view.

Property details

Location:
65 Wellington Street, Freemans Bay
Property type:
House
Land area:
546 m²
Bedrooms:
14
Bathrooms:
3
Separate Lounge:
1
Property ID:
825093
Title(s), Particulars & Conditions of Sale, LIM - Land Information Memorandum

Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education

In zone schools

Nearby schools

  • Auckland Senior College0.5 km
  • Kadimah School0.6 km
  • UP International College New Zealand0.8 km
  • Northern Health School0.8 km
  • MindAlive0.8 km
  • St Mary's College (Ponsonby)0.9 km
  • Newton Central School1.1 km
  • Richmond Road School1.3 km
  • St Paul's College (Ponsonby)1.5 km
  • Marist Catholic School (Herne Bay)1.6 km
{{noZoneExtraVisible ? "Hide" : ""}} 5 more schools

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