Development Opportunity Or Rental Return

Property listing ID: 860033

Bedrooms
8
Bathrooms
4
Covered parks
4
Off-street parking
4
Price / method
Sold January 2024 for $2,500,000

Rarely does an opportunity like this present itself, to purchase 1120sqm (more or less) of prime residential land in Castor Bay! • Currently consisting of four, two-bedroom units, all on separate titles and individually rented. Currently clearing $2,240 per week ($116k per annum) with future upside on these figures. • The opportunities are endless to hold, renovate, or develop the land. • Sit back and relax and reap the current rewards. • Develop the land to its true potential, Zoned Mixed Suburban. • Services are in place and ready to go. • Situated in a quiet residential street, with a choice of Milford and Castor Bay Beaches each just 1km away and an easy walk. Pupuke Golf Club is a short walk or few minutes drive in the other direction. • Milford Town Centre is only 1.5kms away, offering high-end shopping, eateries and amenities. Don't delay, act today!

Listed by Barfoot & Thompson , Bob Voss (Browns Bay) , Becky Zhu (Browns Bay)