On the market for the first time since 1987 are three legal flats on an elevated 607 m2 site within the area zoned 'Single House.' With Ponsonby Rd and Grey Lynn Park an easy reach on foot, this location is prime.
The 3 flat conversion is within a sprawling double-gable villa dating from 1910 and has a floor area around 200m2. The home has had a stucco exterior added sometime in the 1950's and is configured as a studio, a one bedroom and a 3 bedroom flat. The huge scope to improve this property will immediately become apparent and will certainly increase the potential for more income.
Sited for the northern sun the rear garden flat is bathed in morning light whilst the two front flats capture the afternoon sun and have aspects over towards the Waitakeres. Within the level garden is a studio/sleep-out and an external workshop and laundry.
There'll be no regrets as you reminisce in the afterglow of long term security long after you make this life-changing purchase as these types of opportunities are few and far between. Not only are you buying in a high growth area, you'll also benefit from the eggs this golden goose keeps laying, year after year.
The retiring owners motivation to sell is 10/10!
