Property listing ID: 923597
A golden opportunity in Mangere’s fast-growing corridor, this massive 2403sqm freehold site delivers the perfect blend of immediate cashflow and long-term development upside. With land of this size becoming increasingly scarce, savvy buyers will instantly recognise the enormous potential on offer here. At the heart of the property sits a solid, well-maintained 4-bedroom family home currently returning circa $56,000 per annum in rent providing strong holding income while you plan your next move. With scope to increase yields even further, this is a serious performer for investors seeking dependable returns. For developers and land bankers, the size and contour of this site open the door to a variety of future options (subject to council approval). Whether you're considering subdivision, multiple dwellings, or long-term strategic landholding, this address ticks every box. Located in a high-growth pocket of Mangere close to the airport precinct, motorway networks, schools, and major transport routes the demand drivers are already in place, reinforcing long-term capital growth. Opportunities like this are becoming increasingly rare. Whether you're looking to build, bank, or boost your portfolio, this 2403sqm property is one investment you don’t want to overlook.
Listed by Barfoot & Thompson , Sanjeev Kapoor (Otahuhu)