The Block - A Landlord's Dream

Property listing ID: 452197

Bedrooms
6
Bathrooms
3
Carport
1
Covered parks
3
Off-street parking
2
Land area
708m²
Price / method
Sold May 2011

If you appreciate how rare it is to buy a unit along the prime strip between Parnell & Newmarket, you'll comprehend the beauty of an opportunity to secure a whole block of three. Never before available as a block, there's a clever twist that will have you diving for your calculator. The 708sqm of freehold residential land beneath the spacious leasehold units is included in the sale. In summary - you get flat freehold land (one title) plus 3 leasehold units (three titles). Would you capitalise on this location by adding second storeys (STCA)? Buy and hold as a strategic addition to your portfolio? Build three 4 storey terrace homes? Or sell the leasehold units and collect ground rent for years to come? Email for further information today.

Listed by Barfoot & Thompson , Remuera Residential Sales (Remuera)