Invest, Land Bank or Develop

Units 1-4/64, Great South Road, Epsom, Auckland City

Price On Application

Proposed Usage
Development Site
Floor Area
398.00 m²
Land Area
1002.00 m²
Description:
Property ID
1bq0fg2

***DEADLINE BROUGHT FORWARD TO 2PM, MONDAY 8TH OF AUGUST 2016***

- Strategically positioned 1,002sqm freehold land holding
- 4 x residential units on individual titles
- Currently returning approx. $129,000 pa
- Favourable 'Mixed Use Zone' under the PAUP

64 Great South presents a rare freehold opportunity on this tightly held and highly sought after main arterial. Comprising four residential units each on their own individual titles and returning approximately $129,000 pa.

Under the Proposed Auckland Unitary Plan, the property is poised to benefit from a change to 'Business Mixed Use' zoning. This will allow residential, commercial and retail development with a maximum height limit of 16.5m. The property is strategically positioned within a short walk to Newmarkets main commercial precinct and contained with the double Grammar school zones. Freehold property in this location is very rarely available. Invest, Land Bank or Develop, the options are yours!



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Epsom Area