Situated on 1138 m² land in the Terrace Housing Apartment Building Zone, & located in the centre of Mt Albert, with bus stops, train stations, local cafes, and shops all around, this supersized home on New North Road, is a brilliant opportunity awaiting an astute developer, land banker or a large family looking for more space.
Packed with character and a wide road frontage, the two-storey family home features 9 bedrooms, 5 bathrooms (incl. 3 ensuites), & 9 car park spaces.
This extensive family home is sure to tick the boxes for people who simply want to move in and enjoy urban life in this dynamic and super convenient location. PAK'n SAVE Mt Albert & Alan Wood Reserve are just few minutes' walk from the front door. In-zone for popular Avondale College, Intermediate and Primary, & a really short drive to spots and facilities, Westfield St Lukes Mall, Lynn Mall, Aquatic Centre and access to motorways, the location for this property couldn't be better.
Alternatively, for all developers, land bankers and astute investors, this also can be a huge development opportunity - you could hold the land while you rent it out until you are ready to unleash the opportunity or get straight into developing this land to its true potential.
The property currently has an existing tenant at approx. $1,400 per week, creating a steady stream of rental income while you prepare your development plans.
Subject to council approval, the subdivision of this flat section allows for easy planning for development.
Maybe you would like to renovate it and let your imagination run wild! The opportunities here are endless, do not miss out!
All agents welcome. Bring your buyers as we offer conjunctional opportunity at a fair rate.
Tender closes 4pm, Friday 10 December 2021 (Unless Sold Prior)
Get in touch with Lei or Jeff to find out more!