Significant Residential and Commercial Upside
63-65, Victoria Street, Onehunga, Auckland City
- Proposed Usage
- Development Site
- Floor Area
- 1620.00 m²
- Land Area
- 2716.00 m²
- Property ID
- Large 2,716sqm freehold site with great development potential
- Feasibility report allowing for 50-70 residential/commercial units over 5-6 levels
- Holding income of $141,720pa from three separate tenancies
- Prime location in the heart of Onehunga
This property comprises two residential houses and one commercial/industrial building over two freehold titles. The flat regular shaped land parcel has the potential to develop 50-70 residential units of various typologies including both residential apartments and commercial units over five-six storeys (subject to council approval).
This property is a superb opportunity for residential or commercial developers, add value investors, land bankers or owner occupiers. The dual zoning property allows for a wide range of options.