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119 Old Wairoa Road, Papakura, Papakura

HOME AND INCOME WITH DEVELOPMENT POTENTIAL - 1...

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Auction

House
Home & income
Bedroom
5
Bathroom
2
Land area
1012m2
Title type
Freehold
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Property details

Listing # 814796 | Listed on 13 April 2022

Auction: at 62 Highbrook Drive, East Tamaki on Wednesday 21 July 2021 at 1:00PM (unless sold prior)

An opportunity for developers, land bankers and investors has arisen to secure this freehold 1012m2 prime piece of land. Zoned for Mixed Housing Suburban, this 1012m2 section boasts 2 homes on one title.

Both properties have a combined rental appraisal from $970 - $1040 per week, giving a perfect opportunity for investors looking to increase their rental portfolio or to pay off the mortgage until you explore your options to sub-divide (subject to council approval).

Front house features 2 good sized bedrooms, combined kitchen and dining area, common bathroom, separate laundry and fully fenced to add privacy.

Back house features 3 generous sized bedrooms, open plan living, dining and kitchen and one bathroom and separate toilet. Both houses have a heat pump each to keep the home warm in the winter and cool in the summer.

Explore the endless opportunities:

  • Renovate and land bank
  • Demolish and Develop (subject to council approval)
  • Live in one and rent the other and decide later!

With close proximity to Papakura Township, local amenities like food outlets, supermarkets, gas stations and public transport as well as being in zone for Cosgrove School this property isn't going to last long!

Whatever your plans may be, this property is not lacking in potential. Call me today for more information.

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