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Investment Opportunity in New Lynn & discover the potential of owning two properties on Margan Ave, New Lynn! With 23 & 23A Margan Ave, enjoy dual income from two freehold titles on 1,072 sqm. Currently, tenanted for $1,650/week, these homes offer stability.
Prime Location & Family-Friendly Amenities: Opposite Manawa Wetland Reserve, near transport, Lynn Mall, and New Lynn Centre. New Lynn School is a short walk away.
Development Plans:
Option 1: Demolish both homes to build 7 (2-Level) or 9 (3-Level) 3/4 bedroom homes.
Option 2: Demolish rear home and renovate front house for quick cash return, build 4 (2-Level) or 7 (3-Level) 3/4 bedroom homes.
School Zones:
New Lynn School (300m)
Blockhouse Bay Intermediate (1.6km)
Kelston Intermediate (2.1km)
Kelston Girls College (1.3km)
Kelston Boys High School (1.8km)
Don't miss this chance to secure prime New Lynn real estate! Contact us to explore these exciting opportunities.