PRE AUCTION NOTICE - NEW DATE/TIME: An offer has been made on this property and it is now selling in a pre-auction commencing at 1:00pm on Tuesday 9th March 2021 at the Highbrook Auction Rooms (62 Highbrook Dr, East Tamaki). The opening bid will be the reserve and it will be on the market and selling.
• Home and income, investor's delight and developer's dream • Four bedroom + studio flat (two power meters) • Two bedroom flat (one power meter) • High rental yield investment • Set on a freehold 837sqm (more or less) land parcel with services nearby • Zoned Mixed Housing Suburban • Zoned for Papatoetoe East School, Papatoetoe Intermediate & Papatoetoe High School
An incredible opportunity has arisen to buy this significant home and income dwelling set on a large road frontage freehold 837sqm (more or less) land parcel. Ideal for multi-generational living, large families, those seeking income potential, or purchasers simply looking to future proof their investment. The property currently consists of 2 flats; comprised of a 4 bedrooms and studio flat and a 2 bedroom flat.
The four-bedroom offers a large open-plan living area with an expansive kitchen area. Displaying four robed bedrooms serviced by the family bathroom and additional WC and separate laundry with a dual courtyard. Additionally there is studio attached, complete with its own bathroom and kitchenette, ideal for extended family, the in-laws, teens or utilise the potential for cash flow. The two-bedroom flat offers an open-plan living area with a modern kitchen and breakfast bar. Displaying two robed bedrooms serviced by the large family bathroom and separate laundry with a courtyard area and own access. The property is serviced by three power meters.
The scope of this site is extremely attractive, zoned Mixed Housing Suburban - buyers will see the appeal in establishing themselves in a sought-after location, landlords will recognise the consistent popularity of the location, and developers will find the large section an enticing proposition. Investigate the development opportunities that this parcel of land offers, land-bank, or hold the flats for their significant rental income.
Prime Papatoetoe position by Hunters Corner in the heart of the Golden Circle. Easy access to local schools, parks and amenities, motorways, public transport, Manukau Mall, and Middlemore Hospital. Reputable zoned schooling options include Papatoetoe East School, Papatoetoe Intermediate, and Papatoetoe High School.
Title(s), LIM - Land Information Memorandum, Rental Appraisal, Particulars & Conditions
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09/03/2021 01:00:00 PM09/03/2021 01:00:00 PMTuesday 9<sup>th</sup> Mar: 1:00pm - 1:00pmAuction for 140 Tui Road, Papatoetoe, Manukau City starting at 1:00pm (unless sold prior)
Auction at 62 Highbrook Drive, East Tamaki on Tuesday 9th March at 1:00pm (unless sold prior)140 Tui Road, Papatoetoe Pacific/AucklandDD/MM/YYYY
Auction at 62 Highbrook Drive, East Tamaki on Tuesday 9th March at 1:00pm (unless sold prior)
Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education