5 Park Avenue, Newmarket

Auction Wednesday 1st June(unless sold prior)

11 Bed
6 Bath
1 Garaging

Central Location Cash-Cow & Re-development


This rare opportunity at this central city location offers you the very unique large 771sqm level site with high-end development potential and great rental return while land banking.

Such a prime location, close to Auckland Hospital and Newmarket Centre, walking distance to the Auckland Domain, minutes to Auckland CBD, also surrounded by many of Auckland's best schools, such as Newmarket School, Auckland Grammar and ACG Parnell.

The freehold property currently contains 6 individual flats ranging from 1-3 bedrooms, 6 off street carparks and 1 lock up garage. Upgraded in recent years with re-piling, new roof, upgraded ceiling and underfloor insulation, and returning approx. $125,000 annual rental.

Zoned Mixed House Suburban, with underground services in front (info took from Auckland Council Geomaps), this is an unique opportunity for development.

Site viewing available upon appointment, call me today!

Property details

Location:
5 Park Avenue, Newmarket
Property type:
House
Land area:
771 m²
Bedrooms:
11
Bathrooms:
6
Separate Lounge:
6
Garaging:
1
Off street parking:
6
Property ID:
832526
Title(s), LIM - Land Information Memorandum

Auction details

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01/06/2022 01:30:00 PM 01/06/2022 01:30:00 PM Auction for 5 Park Avenue, Newmarket, Auckland City Auction for 5 Park Avenue, Newmarket, Auckland City starting at 1:30pm (unless sold prior) Auction at 34 Shortland Street, City on Wednesday 1st June at 1:30pm (unless sold prior) at 34 Shortland Street, City Pacific/Auckland DD/MM/YYYY

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