252 Great North Road Henderson | Barfoot & Thompson

252 Great North Road, Henderson

Sold for $4,450,000

37 Bed
33 Bath

Investors, Landbankers and Developers must explore the possi


The property at 252 Great North Road comprises a 31 unit complex returning $417,000 circa net situated on 3,562m² of land, zoned for apartments up to 4 storeys under the Proposed Unitary Plan.

The property has previously been operated as a Motel and has quickly been leased on an individual tenancy basis providing purchasers with a cashflow holding position and flexibility to take advantage of the development potential in the future.

Call now for further details.

Key attributes are as follows:-
• $417,000 circa net return currently run under management
• 31 unit complex with an IEP rating of 85%
• 3,562m² freehold land with holding income
• Terrace housing and Apartment zone under the PAUP allowing buildings 4 storeys
high.
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Property details

Location:
252 Great North Road, Henderson
Property type:
Apartment
Land area:
3562 m²
Bedrooms:
37
Bathrooms:
33
Property ID:
565544

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John Stringer

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