38 Takitimu St, Orakei, Auckland City, Auckland

Tender: Closes on Friday 18 December 2015 at 1:30PM (unless sold prior)

38 Takitimu Street - Calling All Developers, Investors & Owner Occupiers 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 oozes potential and comprises a 1535m2 section in a right of way position, with an existing 1940s weatherboard 3 bedroom bungalow. It overlooks Orakei Domain Park and enjoys terrific views across the harbour. The current zoning is Res 6a (1/375m2). The property is being sold on a Leasehold basis for 125 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 developers and/or owner occupiers 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 11 Ngaio Street, Orakei - http://www.barfoot.co.nz ID # 537823

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.