Listed: Tue, 2 Jun

Rare Orakei Opportunity

29 Te Arawa St, Orakei, Auckland City, Auckland

To be sold by tender (closes on 18 Dec)

5 Beds
1 Bath

Attribute	Value
Property type	House
Parking	2 Car Off Street Parking
Agency reference	537829
Apply Online	http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=4145442&sellerId=0

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

29 Te Arawa 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 954m2 section with street frontage with an existing two level 1940s weatherboard 3 bedroom home. It is adjacent to Te Arawa Reserve Park and has a lovely wide, sunny outlook. The current zoning is Res 6a (1/375m2). The property is being sold on a Leasehold basis for 150 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: 11 Ngaio Street, Orakei - http://www.barfoot.co.nz ID # 537823 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

No times scheduled

Local Schools

IN ZONE orakei school
Grace Street
1 km
Full Primary (Primary & Intermediate), State, 246 enrolled
IN ZONE selwyn college
Kohimarama Road
1.5 km
Secondary (Year 9-13) (Secondary), State, 1638 enrolled
IN ZONE baradene college
237 Victoria Avenue
2.6 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1505 enrolled

UNZONED st joseph's school (orakei)
16 Brenton Place
1.1 km
Contributing (Primary), State : Integrated, 35 enrolled
OUT OF ZONE kohimarama school
112 Kohimarama Road
1.1 km
Full Primary (Primary & Intermediate), State, 486 enrolled
OUT OF ZONE st thomas school (auckland)
Allum Street
1.8 km
Full Primary (Primary & Intermediate), State, 826 enrolled
UNZONED mt carmel school (meadowbank)
6 Mt Carmel Place
2.2 km
Contributing (Primary), State : Integrated, 217 enrolled
OUT OF ZONE st ignatius catholic school (st heliers)
72 Speight Road
2.2 km
Contributing (Primary), State : Integrated, 209 enrolled
UNZONED a1 student school
10 Kotiri St
2.2 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 20 enrolled
UNZONED saint kentigern girls' school
82 Shore Road
2.3 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 386 enrolled
UNZONED saint kentigern boys' school
82 Shore Road
2.3 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 658 enrolled
UNZONED tkkm o puau te moananui-a-kiwa
26 A Farringdon Street
3.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State, 98 enrolled
OUT OF ZONE glendowie college
21 Crossfield Road
4 km
Secondary (Year 9-13) (Secondary), State, 1209 enrolled
UNZONED acg parnell college
39 George Street
4.3 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1910 enrolled
UNZONED michael park school
55 Amy Street
4.5 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 308 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.