Sold Property
$4,600,000
Gavin Roberts Harcourts Milford
Michelle Heron Harcourts Milford
Unique, rare as hen's teeth, one-of-a-kind, unrivalled..... and the list goes on and on.
A level quarter acre site, with three dwellings and resource consent to build another; this offering has a huge upside and potential to be unearthed by the astute buyer. Magnificently positioned in Milford - one of the North Shore's most desired locations (fantastic cafe culture, boutique shopping, golden sand beaches, the best schooling in the country and a short transit to Auckland's CBD), a special opportunity awaits.....
- Total Land area 1,011m2 (more or less), on a level site
- Zoned Mixed Housing Suburban
- 3 Properties on cross lease titles: 1/90, 2/90 & 3/90 East Coast Road, Milford
- Plus: Resource Consent for a new build on front of site: 214m2 (more or less), to become 4/90 East Coast Road
- Current total Annual Rental Income (not including new build): $113,360 per year ($9,447 per month, $2,180 per week) from existing properties: 1/90, 2/90 & 3/90
- Floor area: 200m2 (approx) for each
- Bedrooms: 4-5 bedrooms in each
- Renovations: new roof, exterior painted, 2/90 new bathroom and kitchen
- Elevated views
- School zones: Double Westlake, TNIS, Murrays Bay Intermediate, Milford School, Campbells Bay School & Forrest Hill School
There are multiple options here to invest, invest and build, or to fully develop the site. There are few land banking opportunities like this in the market on a flat site in Milford and this represents a rare opportunity to take advantage.
Property ID: #MJ48379
Office
Licensed under REAA 2008
Sold Property
Unique, rare as hen's teeth, one-of-a-kind, unrivalled..... and the list goes on and on.
A level quarter acre site, with three dwellings and resource consent to build another; this offering has a huge upside and potential to be unearthed by the astute buyer. Magnificently positioned in Milford - one of the North Shore's most desired locations (fantastic cafe culture, boutique shopping, golden sand beaches, the best schooling in the country and a short transit to Auckland's CBD), a special opportunity awaits.....
- Total Land area 1,011m2 (more or less), on a level site
- Zoned Mixed Housing Suburban
- 3 Properties on cross lease titles: 1/90, 2/90 & 3/90 East Coast Road, Milford
- Plus: Resource Consent for a new build on front of site: 214m2 (more or less), to become 4/90 East Coast Road
- Current total Annual Rental Income (not including new build): $113,360 per year ($9,447 per month, $2,180 per week) from existing properties: 1/90, 2/90 & 3/90
- Floor area: 200m2 (approx) for each
- Bedrooms: 4-5 bedrooms in each
- Renovations: new roof, exterior painted, 2/90 new bathroom and kitchen
- Elevated views
- School zones: Double Westlake, TNIS, Murrays Bay Intermediate, Milford School, Campbells Bay School & Forrest Hill School
There are multiple options here to invest, invest and build, or to fully develop the site. There are few land banking opportunities like this in the market on a flat site in Milford and this represents a rare opportunity to take advantage.
Property ID: #MJ48379
Gavin Roberts Harcourts Milford
Michelle Heron Harcourts Milford
Office Harcourts Milford 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.
$4,500,000 193 Beach Road, Castor Bay, Auckland
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