Asking price $1,100,000 (plus GST if any)
If properties with the potential to subdivide and develop are a rare find, then properties with approval for immediate redevelopment (Resource Consent/ Building Consent Approved) with a fixed-term lease income at the same time are virtually non-existent. But our feature listing represents just such an opportunity.
The property sits on a 688m2 fee-simple land parcel, zoned for Business- Neighborhoods Centre, a shop with 80m2 of floor area is currently leased to a Bakery and Lunch Bar with a fixed term until Jan 2024.
A master plan has already been put together for this flat section and ready to go! Resource Consent has been issued which allows for 7 units (plus 7 under-covered parking) and 1 retail to be built within the site. Re-development could be done in two stages:
1.Stage One is to develop the vacant land at the rear of the section. Building Consent has been approved for an immediate start on a two-story multi-unit dwelling, consisting of one 3-bedroom unit on the ground level and three 2-bedroom units on the upper level. Each unit has one allocated carport and a private outdoor deck/ garden.
2.Stage Two is to demolish and re-develop the existing shop into a three-story dwelling consist of one 2-bedroom unit, two 1-bedroom units, 1 retail shop, and three carports. Resource Consent has been approved with validity through to 2024.
With the proximity to local parks, schools, transportation and a host of convenient amenities underpins your investment.
For more information or to arrange a viewing call Chongde Tang on 021 684 588 or Maggie Ma on 021 287 7888.
Conjunctional welcomed by all agencies.
PLEASE NOTE: Specified floor and land area size have been obtained from multiple sources: Property Smarts, Property-Guru, Auckland Council (LIM), or Title documents. Advertised areas have not been measured by the Salesperson or Ray White - A T Realty Limited. We recommend you seek your own independent legal or expert advice if these sizes are material to your purchasing decision.
