Upside to this property is the fact that the current vendors have done all the hard work, have designed this development out very efficiently and have obtained Resource Consent (approved) for a 5-lot subdivision. This property is currently zoned as Terraced Housing & Apartments.
The approved plan consists of demolishing the existing house and building 5 brand new freestanding attractive homes. This section has a very generous width and elevation that would make it a very attractive development.
The existing home offers 4 bedrooms, a bathroom, a carport, and is currently tenanted for $580 per week with great tenants wanting to stay on.
This property is conveniently located with easy access to Mt Albert's Pak 'n Save, New World, all the shops, restaurants and cafes on Stoddard Road, motorway access and short stroll to public transport and zoned for popular Mount Albert Grammar School and Avondale College.
The call is yours, if you want to develop now or just land bank with what's been offered. This property is not for first home buyers. It's for astute developers and land bankers who are looking for a property that has potential future capital gains written all over it.
Don't delay, call us today for a viewing and make an offer. This will be sold.