floor size300 SQM
land size1012 SQM
Landbank with this Savvy Investment!
This is a unique opportunity to secure land for today and for the future, with the bonus of a lucrative return. The entire site is 1012 sqm of land, currently sitting pretty, with a block of 6 units. The front 2 units are within a converted villa and a block of 4 units at the rear.
All units are currently rented with an income of $2105 per week. With a 6.1% yield, this property is ideal for future development and has huge potential. The high rental income allows buyers to have long-term ownership to landbank or ample time to prepare development plans.
The section currently allows space for 6+ off-street carparks, with plenty of more space for any ideas you may have.
Walking distance to Kelston shops, train stations and bus stops. Moments from Glen Eden Village and New Lynn Mall. This location is appealing and convenient.
Always working in the best interest of our vendors, we welcome collaboration with all agents.
PLEASE NOTE: The technical information provided (including floor plan & section sizes, for example) has been sourced from third-party organisations such as Core Logic, LINZ, and Auckland Council. It is provided as a broad guide for general information, only. It is intended to provide a general understanding of the subject matter and to help you assess your need for more detailed information. We recommend you seek your own independent advice on everything material in your purchasing decision.
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