Packed with potential, here is undeniably a developer's dream if you are hunting for a project for development or long-term rental returns. The existing property is a 2 bedroom single level brick and tile home on an 832sqm flat parcel of land.
· Selling with resource and building consent, EPA, ready to build tomorrow. · 3 level mixed use buildings including 8 commercials (ground floor) plus 8 two bedrooms residentials (first and second floor), with11 carparks. · Commercial buildings can be used for both commercial or residential purposes. · Two separate entries available for 8 commercial buildings and 8 residential buildings. · Potential for high rental yields.
Located in the heart of New Lynn right next to ?The Warehouse' and a short stroll to Lynnmall, New Lynn transport hub and major amenities.
Key points according to the "New Lynn Urban Plan": (ref https://bit.ly/3vcUiPa) · Extension of Kaponga Crescent and creation of a bridge over Rewarewa Stream to improve connection between Western Gateway and Merchant Quarter Precincts. · Redevelopment of the Large Format Retail site along Rata street and south of Kaponga Crescent to mixed use development. · The Warehouse will relocate to another site in New Lynn enabling the redevelopment of this site. · New predominately two storey retail units will join some retained existing shops to create a mixed-use street with retail and restaurants on ground floor and office and residential above.