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9A Ramsgate Street, Ellerslie, Auckland City

Remedial Project Investment Opportunity

dollar

Negotiation

Townhouse
Townhouse
Bedroom
3
Bathroom
2
Title type
Freehold
Garage
2
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Property details

Listing # 813750 | Listed on 13 April 2022

Invest And Gain With This Pick Of The Bunch End Townhouse!

A total transformation starting in mid-January 2022 will bring this original Hughes and Watts townhouse up to code by way of a total reclad of all buildings in the attractive Ramsgate Palms complex. The current plaster walls will be replaced giving you the opportunity to enter into a top location where homes of this size usually sell well in excess of $1,200,000. And this one is the pick of all in the complex, with light on three sides and a generous wrap-around yard for all day sun and outdoor entertaining. Where else would you get three spacious double bedrooms, two bathrooms, a modern kitchen with gas hob, and truly spacious open plan living flowing to a private, north-west facing balcony overlooking the stunning solar and gas heated pool and gardens, for much less than the property's completed project value? Plus it has double internal access garaging. You'd think you were in a luxurious hotel resort, where you can work out in the fully equipped gym, or just relax in the spa. This is a great opportunity to purchase a 178m2 home for the price of a two bedroom unit, invest in its makeover and reap the rewards. It's an easy walk home from the popular cafes and bars of the Ellerslie Village; and you're within minutes of a train into the CBD. The large majority of the homes in the complex are owner occupied. If it's a lock-up and leave you're after, then look no further to obtain your own slice of paradise right in the midst of this highly sought after suburb, for a fraction of the normal cost of an Ellerslie home this size. Cost estimates for the reclad are available. Do your homework, do the figures and see how this could all pan out to your advantage. A timeline guide for the remedial project is available along with minutes of special meetings and resolutions.

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