This is undoubtedly one of the most exciting opportunities to be offered for an astute investor or experienced developer who can appreciate the future potential of such a well positioned property. Marketed individually or as a complete package, these 3 dwellings provide exceptional investment scope for significant future capitalisation.
As a package there is a total land area of 1391m2 with Resource Consent and Building consent already approved for 5 luxury houses as well as concept drawings for 11 townhouses. A contribution fee has already been paid for 5 new properties, so a huge amount of hard work and money has already been invested.
Individually the properties are: 1. 7 Euston Road (Residential - Mixed Housing Suburban) 696m2. A solid brick house. A total of 8 double bedrooms, 3 bathrooms, 3 living areas.Double carport. Current rent $1490 per week. Renovated within the last few years. Large family home or reconfigure into separate flats. CV $1,425,000. 2. 9 Euston Road - 2 bedroom character bungalow, living, separate dining, single lock up garage. Current rent for $550 per week. A traditional home in need of renovation. First home buyers, small family or downsizers. CV $960,000. 3. 9A Euston Road - 2 bedroom cedar home. Current rent for $480 per week. In need of renovation. First home buyers, small family or downsizers. CV $890,000.
Rental annual return around $130,000 for all 3 properties.
A fabulous location puts you in close proximity to sought after well-established Sandringham facilities, St Lukes Westfield Shopping Centre, motorway access, local parks and excellent schools. For more information on this incredible opportunity.