Zoned for Opportunity

Property listing ID: 805753

Bedrooms
3
Bathrooms
3
Land area
607m²
Price / method
Sold February 2021 for $3,545,000

Offering favourable zoning in an exclusive location, this exceptionally unique property in central Parnell is teeming with potential and would reward any amount of investment. Positioned upon a 607m2 section that soaks up city views, this property also sits within the Terrace Housing and Apartment Zone, allowing the potential to build up and maximise the outlook beyond to the harbour. Adding further allure is the exceptional school zones, including Parnell District School, Epsom Girls' Grammar and Auckland Grammar. Currently occupying the sun-soaked parcel of land is a uniquely configured bungalow in original condition requiring a comprehensive renovation. It plays host to three, one-bedroom flats that each contain a kitchen and bathroom. Another option is to demolish the existing residence in favour of a modern masterpiece which would be well-suited in this prestigious neighbourhood. Both home buyers and shrewd developers will recognise the rarity and potential of this opportunity and act accordingly. Contact me for more information.

Listed by Barfoot & Thompson , Cindy Yu (Parnell)