Please note that if you attend an Open Home, a Vaccination Pass and Photo ID is required or contact the agent to arrange a Private Viewing.
Be quick to secure this solid 9 bedroom weatherboard house and three bedroom house in a brilliant location.
Currently configured as a 9 bedroom house has a 50 year boarding house resource consent and is run as a boarding house, with annual renewals, requires and complies with all fire systems etc. Full certification details available upon request. Further potential to increase the return further if fully occupied and currently run at 75% which gives $160k/yr income.
The 9 bedroom House, 6 sleepouts & 3 bedroom house at the back all on one Title and 1012m2 (more or less) site has a current rental return of $3,000pw in this Mixed Housing Urban zone in central Glen Eden area, this solid expansive weatherboard house including separate bathroom facilities as well as 6 well maintained sleepouts and additional kitchen & bathroom facilities comes on the market for the next lucky investor or developer keen to keep this income machine running.
Vendor intends to sell both houses and ancillary sleepouts occupied, as a going concern, an attractive proposition for investors or developers.
The adjacent site at 4094 Great North Road is also available to purchase to create a double site of 2024m2 if desired.
- Land area of approx 1012sqm zoned Mixed Housing Urban - A prime development opportunity with current income stream of approximately $160k per annum currently - Initial planning suggests high density options for terrace houses possibility subject to Council approval - Sewage and Storm water connections highlighted on LIM report. - Incredibly popular location, minutes walk to Glen Eden, Grove shops, Lynnmall Shopping Mall and local amenities - Easy motorway access and a short stroll to popular Kelston shops - Zoned for Kelston Boys High School, Kelston Girls College, Kelston Intermediate
Book your private viewing now through this link https://www.barfoot.co.nz/our-people/p.hutson/viewing
Please note that if you attend an Open Home, there can be a mix of people with and without My Vaccine Pass in attendance, or alternatively contact the agent to arrange for a Private Viewing.