121-125 Meadowbank Road, Meadowbank, Auckland City, Auckland

After ownership in the same family for in excess of 45 years, this property is now on the market so our vendor can retire to the sunny north.

The property presents a huge range of options for the next owner to determine just how they move forward.

Built in the 1960's with plans ahead of the times, the upper two floors are home to a New York style apartment with a spacious 212m2 floor plan, ideal as a lock and leave, a work from home space or divided into two new single floor apartments. The beauty of this apartment being the views from here which reach back through to the city, across the Orakei Basin and out to Hobson Bay.

The location is highly sought after by inner city commuters as the train station is a three minute walk away and only two stops to the CBD, making redevelopment into a funky, multi-living property a great reward.

The ground floor is split into three separate tenancies, two presently leased to commercial tenants and the third vacant, returning over $100,000pa when fully let. The vacancy may suit an apartment owner who wants their business on site but separate from the home.

The corner site and the zoning also looks particularly conducive to complete redevelopment into a residential/commercial mix, with the permissible height limit 11 to 13 metres.

Call me now for further information and an appointment to view asap.

See property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.