Auction: at 34 Shortland Street, City on Wednesday 7 July 2021 at 10:00AM (will NOT be sold prior)

Developers or investors take note! This is a golden opportunity to double down on your investment.

A great rental income property is situated in a prime Panmure location, just minutes from Panmure Transport hub, Panmure Basin and local food and retails.

Looking into the fantastic views of Panmure Basin, this 11 bedroom cash cow is sitting on an approximate 1,012m2 land (Residential Mixed Housing Urban Zone) providing numerous opportunities for a savvy investor or developer to explore. It may fit 4-5 standalone houses or 8-9 attached terrace houses (subject to council approval).

The property is currently managed as a boarding house and the rental is about $2000 per week, you can enjoy a healthy rental return while you explore the development possibilities or use the property as a business premise.

Call William or Zane for more info or private viewing options.