Residential Investment Flats with Upside

Mount Albert, Auckland City

Tender

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c1g3mp

- Well-presented block of residential flats on a sizeable 1,346 square metre freehold land holding.
- Managed and maintained by the Vendor who has lived at the property for over 17 years
- Currently returns $127,400 pa with massive opportunity to boost this cashflow
- Intensive Residential - Mixed Housing Urban zoning offers genuine redevelopment potential
-Consists of the four 2 bedroom flats and two 1 bedroom flats

This is a unique offering with attributes that will appeal to a wide range of purchaser types. Residential investors, take advantage of the strength of the current rental market and build on current cash flow.

Add value investors can also look to build on current cashflow as well as considering other add value angles such as unit title subdivision.

Developers can enjoy the current cashflow while you consider the options the intensive zoning of this sizeable site provides,

The vendor has spent 17 years living at 4 Rawalpindi Street managing and meticulously maintaining the property. It is now time for a new owner to reap the rewards of its ownership.

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