Nestled in a desirable location, Property 115A Panorama Road presents a unique opportunity for developers or those willing to put in some work. The 478 sqm section allows for a complete demolition and rebuild, resource consent to build three North Facing new dwellings (All with Mountain Views) is on the way.
The charming 1950s facade, with a picket fence, conceals two flats that require some TLC. The front house features three bedrooms, with an open-plan lounge and dining area that showcases the original native timber floors and character features. A separate kitchen, accessible via a spiral staircase, leads to the lower-level bedrooms. The rear abode comprises of one bedroom, kitchen and a full bathroom and boasts great natural light. Both flats have access to a single garage.
This property is conveniently located near the Ellerslie Village shops, amenities, eateries, and Ellerslie train station, with easy access to motorway on-ramps. A quick car ride will take you to Sylvia Park retail park, Lunn Avenue, and Mount Wellington for a scenic run or Sunday stroll up the Mount Wellington Summit.
With the option to continue enjoying the current cashflow from the property plus the medium-long term potential to ats while strategising for the future or commencing the revamp process, the opportunities are endless. Whether you're a seasoned developer or a first-time homebuyer, this property is waiting for your creative ideas. Don't miss out on the chance to make it your own. Currently tenanted, please contact us to arrange a viewing.
