Over 8 acres magnificent site with Home & Income dwellings and large working sheds & yards, rental income of approx $140K p.a. Prime location with high decile school zone!
The block is elevated and sun drenched, gently raising gradient contour with swiping rural outlook and stunning Harbour views on the second floor.
The property has triple road accesses and forms its dual living & business area, an exclusive Residential area on approx 1 acre land and the business area on approx 7 acres. The business is a part of government funding, advanced environmental tech business. Initial ground lease at $70K+ per year with lease review.
The main house is a large solid weatherboard homestead with 4 bedrooms, 1 study and 3 bathrooms, warm open plan living, great outdoor leisure & entertaining space. The second dwelling is a cosy large one bedroom with separate living. The houses are rented at $1250 per week, $65,000 p.a.
Totara Rd is one of the most expensive streets in the sought after upper harbour with various water way access points closeby, famous for dozens multi million dollar homes on the street & idyllic water views.
The area is going through a re-zoning process led by Auckland council, which will provide over 10,000 homes, thousands of jobs and over 300 hectares of new business land over the next 10-15 yrs. Over $1 billion development metropolitan center of North West is also close by offering better working and living style!
A promised land holding opportunity for less time & uncertainty, overseas owner cashing up!