Property listing ID: 795136
Freehold - 1012m² land under Mixed Housing Suburban Zoning. North facing with bush and golf course views. An excellent opportunity to design and develop the land under the current Auckland Unitary Plan. Subdivision potential on 1012m²: Resource Consent issued for a 2 lot subdivision, and concept plan drawings for 8-9 terrace design properties with 2 bedrooms, 1.5 bathrooms. Do your calculations and due diligence - you might be able to achieve more numbers if you decide to go with a high-density design. Double income - Rental income $41,600/year, from current combined $800 weekly rent. Ideal for the extended family or cash cow to help to pay back your mortgage more quickly - you choose. MAIN HOME: 1950's solid 2 bedroom home with HRV, wide rimu floors, feature fireplace, covered rear deck overlooking golf course and. 2 car garage - rent $450/week. STUDIO: 1 bedroom cedar home with deck overlooking golf course - rent $350/week. Options: 1. Land Bank + Good rental income: Just sit on the land and wait for the value go up. Use rental income $800/week = $41,600/Year to pay back your mortgage. 2. Complete 2 Lot subdivision: Resource consent already completed. You can keep the current 2 bedroom home as rental and built a brand new north facing home overlooking the Golf course or clear the site and built 2 brand new homes. 3. Design and build High-Density Development (8-9 units) to maximize your profit for now or in the future. Great location Close to Swanson Railway Station, bus stop outside the door. - Positioned in one of the upcoming streets on the border of Henderson and Massey - easily accessible to the motorway, just a few minutes' drive to PaknSave, Countdown, Mitre 10, Lincoln Road, café's, Westcity Mall, public transport, schools & colleges plus all amenities. PROPERTY FILE AVAILABLE To download Title, LIM (if available) and other property documents please copy the below link into your browser www.propertyfiles.co.nz/795136
Listed by Barfoot & Thompson , James Gai (Birkenhead) , Nicole Sun (Birkenhead)