In the heart of Glen Eden this is a wonderful opportunity for those wanting a large parcel of land for land banking, or further development options. Either of which there is plenty of potential here to stake your claim and strike gold in this hot suburb.
The existing home along with a sleepout is located right towards the end of this section and is currently rented out to great tenants wanting to stay on. The existing dwellings could be left tenanted, while you plan a development of terrace houses in the front part of the section or develop the entire site with terrace houses. You've got all the ingredients you need to create the very best of homes here with future potential both ways.
Zoned terrace housing and apartment building offers future potential to do some intense development, subject to council approval. The preliminary design scheme plan shows the HIRB setbacks, and over all building heights are all within what are deemed PERMITTED ACTIVITY under the THAB zone design criteria within the Auckland Unitary Plan, and site cover, impermeable and landscape percentages are all achievable in this 8 homes development.
The location is superb, just a short stroll to the Glen Eden Village and train station, a day-care right opposite and Glen Eden Primary School within walking distance.
The call is yours, if you want to develop now or just land bank and enjoy the cash flow from 2 tenants with what's being offered. This opportunity is for astute developers, smart investors and land bankers who are looking for a property that has future capital gains written all over it.
Don't delay, call today for a viewing.
Ignore the CV and make an offer, this will be sold. Motivated vendors have other commitments and want this sold.
