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11 Vine Street, Mangere East

5 Bed

2 Bath

2 Lounge

Home & Income with Approved Resource Consent

3 bedroom, 1 bathroom main house
2 bedroom, 1 bathroom minor dwelling
Set on a freehold 933sqm land parcel
Holds a current approved Resource Consent to relocate existing and construct new dwellings

This property boasts two spacious dwellings on a freehold 933sqm land parcel. Offering a multitude of potential options, presenting as a perfect rental investment, suited to extended family or complete the project under the granted resource consent.

The front house features a 3 bedroom layout with separate kitchen, dining, and living areas. The bedrooms are serviced by the family bathroom and separate WC. The rear dwelling features 2 bedrooms, 1 bathroom, and an open plan living area. The combined rental yield is expected to be in excess of $1,040 - $1,100 weekly which makes it ideal for investors or for families of all sizes and those wanting someone else to pay their mortgage off. Maximize your investment, let the legal income pay for it!

The property comes with a resource consent granted until mid-August 2021. This consent offers a project to relocate the existing main dwelling and construct a new 3 bedroom, 1 bathroom minor dwelling at the rear of the site. The consent also grants construction of a new 5 bedroom, 3 bathroom, 2 living area dwelling with a double garage at the front.

Located in a prime position within bustling Mangere East, minutes to local parks, schools, daycares and amenities, Middlemore Hospital, and the train station. Zoned for Sutton Park School and Southern Cross Campus. Handy to the motorway and Auckland Airport.

This property appeals to all investors, developers, and large families. Don't delay on this fantastic opportunity, call today to view.

Papatoetoe Residential Sales

09 278 3024

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