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Make up to $150,000 in rental income each year - or take the chance to develop further for a bigger pay cheque - with this unique offering!
In a key, family-friendly spot opposite Rowandale School and with excellent transport links, it already brings in almost $3,000/week in rent from the five properties on-site. But, in the mixed housing urban zone, you can maximise its potential and build, build, build!
The gated site is secure and private, and with guaranteed income from the get-go, it's a no-brainer for those wanting to take the time to design and build.
The key points are:
• 1576m2 freehold site, with five freehold, standalone properties
• In total, the properties are currently rented for $2,850/week
• Zone 60 - Mixed Housing Urban Zone allows three-storey builds
• All services are already on site
58A - new build - 4 bed 1 bath - currently $580 rent per week
58B - 4 bed - new roofing done - currently $610 rent per week
58C - new build - 4 bed 1 bath - currently $620 rent per week
60 - 2 bed - new kitchen and bath- $450 rent per week
62 - identical new build - 4 bed 1 bath - currently $590 rent per week
Whether planning to keep renting out or building up, it's a fantastic location for young and growing families. Close to Manurewa and Clendon, the airport and the motorway, it's a site with longevity.
Buy 1 or buy all 5 - call Rae or Richard for more information. With income like that and the site's future potential, what are you waiting for?