This solid 1960s residence provides two income streams in the highly desirable suburb of St Johns, presenting endless possibilities for investors or homeowners seeking flexibility and growth potential.
Situated on a generous 701m² leasehold section, this property features a spacious 3-bedroom unit upstairs and a 1.5-bedroom unit downstairs, each with its own carport.
Enjoy immediate income as you move in, or take advantage of the option to build your dream home at the rear (subject to conditions) while benefiting from steady rental returns. Utilize the $450/week rental income from the downstairs unit to help cover the ground lease cost of $498.75/week. For investors, this property holds strong potential for impressive rental yields and significant capital growth over time.
Current rental return of both units is $1110/week.
Perfectly positioned in the heart of St Johns, this home is zoned for sought-after Stonefields School and Selwyn College. Nearby, enjoy the recreational amenities of Remuera Golf Club, Merton Road Tennis Center, and Swimming Tastic. Easy access to the North-South Motorway ensures quick connectivity across Auckland.
Don’t miss out on this incredible opportunity. Contact me today for more information!
