51 PARK AVE| OTAHUHU

  • 8

  • 4

Centrally Located and Thab Zoning!

$1,950,000

**Private viewings are permitted under level 3 Covid restrictions. If you have interest in this property, please contact us to arrange a private inspection.**

A timely opportunity to invest, landbank, and develop in one of South Auckland’s fastest evolving communities where you can buy all four then build even more! Concept drawings and bulk & location point to several site utilisation options ranging from 12 Units with a carpark for each unit or 28 Units mix of 1, 3 and 4 bedrooms and generous open plan living spaces.(subject to council approval) Bulk and location study available on request.

Comprising four open-plan living/two bedroom conjoined units returning a combined $1670 per week ($86,840 per annum) from periodic tenancies with a recent rental appraisal pointing to more lucrative gains.

Set on an accessible site with utilities at the gate in a handy location to motorways, amenities, markets and transport/rail at Otahuhu with the leafy green precincts of Sturges Park right over the road.

Call Team Garry for further details or to organise an inspection.

Virtual Auction to be held 5pm Wednesday 17th November 2021 (unless sold prior). Due to Level Three COVID restrictions, please use the link below to watch this auction online – rwtakanini.co.nz/watch-our-auction-live

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as RPNZ or Auckland Council (LIM) documents. They have not been measured by the Salesperson or City South Investments 2019 Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

LOCATION

Share This