4 Almond Place, Mount Wellington, Auckland City, Auckland

4 Almond Place, Mount Wellington, Auckland City, Auckland Investment or Development? - You Pick!

Seize this exceptional opportunity in Mt Wellington-a lucrative investment with immediate cash flow and long-term development prospects. This property features 4x modernised 2-bedroom flats, each generating income from the moment you take ownership. With a large, versatile section, the possibilities for future development are abundant.

Large freehold titles in central suburbs like this are a rare find-don't let this opportunity slip away! With a large, versatile section, and Suburban Zoning with a wastewater connection already on site, the possibilities for future development are abundant.

Spanning a generous 1,153 sqm (approx.), this property is a prime candidate for land-banking. Nestled next to a reserve and set back from the road, it offers a peaceful retreat in the highly desirable Mt Wellington area, close to Sylvia Park, public transport, and essential amenities.

The existing block of four 2-bedroom flats is built to last, with solid brick and tile construction. Recently refurbished with new kitchens, bathrooms, and heat pumps in each unit, these flats are low-maintenance and tenant-ready. Ample parking space adds to the appeal.

Currently, the flats are fully tenanted, bringing in a total of $2,200 per week-equating to an annual income of $114,400, providing immediate returns for the savvy investor.

This is a rare and compelling opportunity for astute investors-a well-maintained property with strong immediate returns and significant future development potential. Act fast to secure your interest in this highly sought-after investment.