Come Judge for yourself!
Explore the opportunities. If you are looking for a character home and are not afraid of a bit of hard work, then grab your hammer, bring your imagination and be ready to harness your creative energy, to recreate the glory of what this 1940's character bungalow used to be.
If you are an investor, then even in its current state it is bringing in around 4.3% based on current rentals.
If you are a developer, call your architect as this is sitting on Residential, Townhouse and Apartment zoned land.
So what is on offer? A 1940's weatherboard bungalow with a floor area of 103m2 and categorised by Auckland Council as "Residential, Converted Flat", consisting of two one bedroom self contained flats, located on a flat 414m2 section in Avondale Heights, just a stones throw from the bustling Avondale township, between Waterview and New Windsor, Blockhouse Bay. The current investor owner has had this property for over 24 years and he is ready for a change of pace, so he is selling this rental property to retire.
It would certainly benefit from a new owner who is ready to make the most of this properties opportunities, and, either return it to its original glory as a three bedroom family home. Maybe modernize the current flats and improve the return. Or, to redevelop the site to maximize the profit from building new homes in a very sought after location. Great shopping, public transport, and school zones, in addition to the easy access to the Central City,State Highway 20 to the Southern motorways, or onto state highway 16 to the western beaches, make this a hot property.
Call Kathryn and Paul to arrange a viewing or visit the open homes to see the unbridled opportunities. This is a tenanted property so please do not disturb the tenants, contact Kathryn or myself and we will gladly make the appropriate arrangements.