PRIME DEVELOPMENT SITE!!! 2,232m2 LAND AREA
Our Vendor is reluctantly selling this dream site located in the heart of Manukau. Zoned for Residential Mixed Housing Suburban Zone
Currently onsite is an existing home with 6 bedrooms 3 bathrooms and 270m2 floor area currently that can be rented out for income
Boasting 2,232m2 of land area with a road frontage location the potential here on this site is limitless.
Currently with Resource consent for three boarding houses that fits 41 rooms with the potential to rent out at $350 per room (according to propertyguru market rent statistics) which totals to around $746,200 Gross return annually!!!
Alternatively if you prefer a residential development, this property has the potential to fit 18 residential terrace houses on site (subject to council consent), there is a similar townhouse development in the same suburb which achieved a great level of success and sold very quickly which reflects a demand for more properties in the Manukau region
Manukau is the third largest city and one of the most fastest growing suburbs in Auckland, located about 25 minutes from the Auckland CBD. Attractions in and around Manukau include the Botanical Gardens, Rainbow's End
Theme Park, Butterfly Creek, Vector Vero Whitewater Park and the Auckland International Airport.
This property is a must see and the vendor needs it sold so if your on the market for a property like this we urge you to come to our open home!!! for any other information please do not hesitate to contact the team
TO BE SOLD BY AUCTION(unless sold prior) 1 pm 7th October at Remax NZ Headquaters, 136 Broadway, Newmarket.