Central Takapuna Home & Income - An Exceptional Investment!
First time on the market in over 20 years, this property represents a great investment opportunity in the heart of Takapuna within the coveted "Terrace Housing and Apartment Buildings" land zone.
The zoning provides for the greatest density, height and scale of development of all the residential zones and signals the intensification of land use throughout Central Takapuna envisaging 5,6 &7 storey buildings or terraced housing at a density only limited by the bulk and design criteria specified in the Unitary Plan.
This legal home and income of some 260sqm comprises a substantial 3-bedroom 1970's brick and tile home with extensive outdoor living situated on a full concrete block base including the spacious ground floor 2 bedroom self-contained flat and twin garaging with internal access.
The property has been well maintained and is in good average condition. It will generate an excellent rental income of some $67,000p.a. thus providing a sound revenue stream whilst you landbank and explore the redevelopment options for this near level site of 638 sqm.
With the Takapuna Beach, shopping precincts and public transport to the CBD virtually on your doorstep, there is tremendous upside to acquiring such a sound investment in this highly desirable location.
Our vendor's motivation for selling is high so why not capitalize on this exceptional investment opportunity!
Book your personal appointment today or come to one of the advertised open homes.