Listing Description
Rare Orakei Opportunity
11 Ngaio St, Orakei, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Parking | 2 Car Off Street Parking |
| Agency reference | 537823 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=4142671&sellerId=0 |
Description
Tender: Closes on Friday 18 December 2015 at 1:30PM (unless sold prior)
11 Ngaio Street - Calling All Owner Occupiers, Investors & Developers THIS COULD BE YOUR CHANCE TO PURCHASE LAND AT A PRICE YOU NEVER THOUGHT WAS POSSIBLE
A rare & unique development opportunity in the tightly held premier suburb of Orakei. This property has plenty of potential and comprises a 827m2 section with street frontage with an existing 1930s weatherboard bungalow and a peep of the Orakei Basin. The current zoning is Res 6a (1/375m2). The property is being sold on a Leasehold basis for 175 years. However unlike other ground leases it is being offered with no annual rental payments or review. In other words all you pay is the initial purchase price, then that's it for the entire term of the lease! This will surely be attractive for owner occupiers and/or developers seeking cost certainty.
Two other properties are also being offered to the market on a similar basis. See: 29 Te Arawa Street, Orakei - http://www.barfoot.co.nz ID # 537829 38 Takitimu Street, Orakei - http://www.barfoot.co.nz ID # 537826
Investigate this real estate proposition with an enticing twist. Do your homework and determine its value and how it may work for you. Long settlement options available.
Open home times
Local Schools
IN ZONE Grace Street
123 m
Full Primary (Primary & Intermediate), State, 246 enrolled
IN ZONE 237 Victoria Avenue
1.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1505 enrolled
IN ZONE Kohimarama Road
2.2 km
Secondary (Year 9-13) (Secondary), State, 1638 enrolled
While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.
