Property listing ID: 931510
Pt Chevalier – 1,2,3/1038 & 1040 Great North Road High Profile Opportunity -THAB Zone – Buy 1 or 2 An exceptional land banking opportunity awaits. 1038 Great North Road (851m² mol) features three tidy 2-bedroom units, while 1040 Great North Road (809m²mol) offers a spacious 4-bedroom home. Transparency is key: 1038 is in the planning for the North West Busway project corridor (NZTA). Savvy investors will recognize the value of owning land directly adjacent to major new infrastructure. Purchase both to maximize development potential or invest separately in the highly sought-after Terraced Houses and Apartments Zone (subject to Council approval due to the PC120 change currently in transition). Both properties are tenanted with a combined gross income of approximately $116,000 per year, providing excellent holding income while you navigate the consenting process. Conveniently located with public transport at your doorstep, it is just minutes from two main of the motorways, the CBD, Auckland Zoo/MOTAT, Western Springs Lakeside, New World Supermarket, library and the local shops. IMPORTANT NOTE: Prospective purchasers should be aware that 1038 Great North Road is affected by the proposed Northwest Busway project. NZ Transport Agency Waka Kotahi intends to designate the land for transport infrastructure. This presents a unique situation for a savvy buyer to work alongside a major infrastructure project. Buy 1 or 2 - secure your footprint in Pt Chevalier today. PLEASE CONTACT US TO VIEW BY APPOINTMENT
Listed by Barfoot & Thompson , Julia Nah (Remuera) , Cindy Jiang (Remuera)