Platinum Partner
Listing Description
Listed: Mon, 21 Dec
3 in 1 Development Package With Views In DGZ
103 B-D Wheturangi Road, Greenlane, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Parking | 4 Car Carport, 4 Car Off Street Parking |
| Agency reference | 799626 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149231936&sellerId=0 |
Description
Quickly roll out those tactical development plans as this unheard-of opportunity presents on a freehold 1,161m² site, within Mixed Housing Urban Zoning. Located in the DGZ, this substantial landholding is a rare purchase of an architectural home and two units that promise mind-blowing possibilities- this is where things get interesting!
The canvas for final remodelling or full demolition is a partially renovated architectural cedar and brick home. Let your design flair complete the fabulous look or start over and have the architect exploit the north-facing land and incredible views to its full potential. A legal home and income, two meticulously renovated units produce a substantial income stream (currently grossing roughly $67,600 pa.) Landbank and relax on this revenue while you remodel the main home or demolish the lot - you decide how the promising future should take form. Reap the benefits of top education from St Cuthbert's, Diocesan, Epsom Girls, Auckland Boys Grammar, Cornwall Park Primary and Remuera Intermediate - the country's most celebrated and prominent schooling choices.
The founding and advantageous elements include: 103B: The main architectural home comprises 3 renovated bedrooms and bathroom, while the remainder of the home is surgically prepared for final remodelling with potential for 4-5 bedrooms, offering extensive contemporary living spaces and impacting views. 103C: The lower level unit comprises 2-bedrooms with open concept living, fluid connection to a patio and garden, and immaculately renovated. Currently rented at $650 per week. 103D: The upper level unit comprises 2-bedrooms with open concept living, fluid connection to a balcony and beautifully renovated. Currently rented at $650 per week.
Because this unlocks a manifold of rewarding scenarios in an extremely hot and competitive market, it is essential tha...
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Open home times
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