Freehold 1,639 m² Land area with 380 m² Floor area in THAB (Terrace Housing and Apartment Building Zone).
Council Wastewater and Stormwater Services are on site.
Calling all savvy developers, investors, land bankers, home buyers and those looking for their next project!
7 x (2 bedroom) Units with designated two car spaces and plenty of extra space to park too.
Weekly Income of $3,050.00 (old rent). Our generous vendors have not renewed the rents for years. Flat 3 & 5 were fully renovated in 2020.
All bathrooms were fully renovated in 2020.
New Roof (.55 Colour Steel) was installed in 2019 with 25 years material and 10 years workmanship warranty. Wide Road Frontage. No body corp fee.
Location: 500 metres walk to the Train Station. 500 metres walk to Bus Stops. 500 metres (approx) walk to the old Papatoetoe Shopping area. Short drive to both SH1 and SH20 motorways. 2 km (approx) to Hunters Plaza. 3 km (approx) to Middlemore Hospital. 4 km Manukau Westfield / City Centre. 8 km (approx) to Auckland International Airport. 21 km (approx) to Britomart Train Station / Auckland Hospital / Auckland CBD. In zone for Papatoetoe West School, Kedgley Intermediate and Aorere College.
BestStart Childcare Centre will be your neighbours.
Investigate the potential of future Redevelopment or Subdivision. Maybe live in one and rent the others or just get creative.
Use your weekly income, from the Units, to make up for your mortgage, while you turn your site into a Revenue Stream.
Long Term Investment in the Auckland Property Market is a Great Opportunity for Wealth Generation. Smart way to prepare for retirement.
"You CAN Have it All" Call NOW & Let's Make it Happen!