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Sold Property
$1,800,000
Auction Saturday 7 August 2021 at 2:00 pm | In rooms: 18 Fencible Drive, Howick.
A seamless, ready-made investment opportunity where substantial returns from current tenants combines with exciting future development potential in a convenient town-side location.
Ideal as an investment in low-maintenance brick and tile with each dwelling featuring a single bedroom and bathroom with semi-integrated kitchen, dining and lounges plus covered off-street parking.
While the property is sited on a single title, each unit has individual power and water metering with four income streams providing a more secure and dependable return than a single income property.
Currently returning $1400 per week ($72K per annum) from tenants keen to remain for as long as possible.
The 698sqm section sits in the 'terraced housing/apartments' zone with scope for subdivision (subject to consents) to fully unlock the site while landbanking with guaranteed income until you're ready to build.
Great for investors, busy professionals and commuters drawn by proximity to rail to Britomart from Otahuhu train station, easy access to north/south/eastern arterial links plus a range of restaurants and shopping centres in close radius.
A great time to buy in a location seeing many new dwellings being built from motivated vendors keen to sell to pursue other projects - call Ethan Wu for further details.
Property ID: #HO6564
Office
Licensed under REAA 2008
Sold Property
Auction Saturday 7 August 2021 at 2:00 pm | In rooms: 18 Fencible Drive, Howick.
A seamless, ready-made investment opportunity where substantial returns from current tenants combines with exciting future development potential in a convenient town-side location.
Ideal as an investment in low-maintenance brick and tile with each dwelling featuring a single bedroom and bathroom with semi-integrated kitchen, dining and lounges plus covered off-street parking.
While the property is sited on a single title, each unit has individual power and water metering with four income streams providing a more secure and dependable return than a single income property.
Currently returning $1400 per week ($72K per annum) from tenants keen to remain for as long as possible.
The 698sqm section sits in the 'terraced housing/apartments' zone with scope for subdivision (subject to consents) to fully unlock the site while landbanking with guaranteed income until you're ready to build.
Great for investors, busy professionals and commuters drawn by proximity to rail to Britomart from Otahuhu train station, easy access to north/south/eastern arterial links plus a range of restaurants and shopping centres in close radius.
A great time to buy in a location seeing many new dwellings being built from motivated vendors keen to sell to pursue other projects - call Ethan Wu for further details.
Property ID: #HO6564
Office Harcourts Howick Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
$2,400,000 29 Omana Road, Papatoetoe, Auckland 2025
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