Property listing ID: 468471
HIGH INCOME INVESTMENT - SUBDIVISION OR COMMERICAL POTENTIAL A rare opportunity in a high profile location. This six bedroom house on a 809sqm property has Residential 7 zoning (Office Residential) and sits directly opposite Glenfield Mall. With high traffic exposure and plenty of space in and around the house, there is excellent potential to convert for use as office or professional rooms (with appropriate consents). This is one of the last remaining residential properties in this zoning cluster, and neighbours include a medical clinic, a rest-home, an optometrist, a government agency and other office/administration buildings. Zoning also allows for further subdivision with minimum site size of 200sqm, and with a large flat backyard at the rear of the property this could be an option well worth exploring. The solid block & weatherboard house is divided into two legal dwellings that are rented separately. Each level is a self-contained three bedroom flat, one flat having using of the single garage and the other the large lock-up storage room behind the garage. The location will ensure strong demand for these as rental properties as homes close to Glenfield Mall are always popular with tenants. Current residential rental appraisal is $820pw ($42,640pa) and potential commercial rental is higher still. Live in one and rent the other? Or develop the ground level for business use and "live above work", enjoying the wide sunny deck (with views to Rangitoto and the Gulf) and the flat, private backyard. Owner has committed for selling and all offers will be considered. A recent LIM report and property file are available to interested purchasers. (For more information on tenders, please visit www.barfoot.co.nz). Further info: Land area 809m² more or less, floor area approx 240m2, current CV$890,000 (2011), Construction is concrete block & weatherboard with iron roof.
Listed by Barfoot & Thompson , Glenfield Residential Sales (Glenfield)