Property listing ID: 542523
8 units with 2936 sqm of level land near the train station. Call it 'Hot Property' if you like. There is opportunity to renovate the flats and increase the current rental return of $105,000- per annum, while you landbank the amazing piece of property. Check out the draft of the Proposed Auckland Unitary Plan, which has this property zoned for Mixed Housing Suburban; great potential for future subdivision (subject to council consent). All flats currently rented and being sold with tenancies in place, for an easy transition to the new owner. The location is superb, Ranui is gaining rapid popularity, yet remains 'value for money'. You are so handy to local schools and the Village with its shops, supermarket and medical centre - plus the train station means an easy commute to Henderson or Auckland City. A LIM report is available, so please email me today for a copy should you like to view prior to your visit. The owner has other plans and is cashing up, their instructions are clear, "We want this sold". This really is an astute investment, so don't miss this.
Listed by Barfoot & Thompson , Julia Barnett (Glen Eden)