407 Ellerslie-Panmure Highway, Mount Wellington, Auckland City, Auckland

407 Ellerslie-Panmure Highway, Mount Wellington, Auckland City, Auckland North Mount Wellington Quadruple Income Cash Cow

To be sold for the first time in 70 years! A winning recipe of a large floor area, land area and freehold title. With a total of 10 bedrooms, 4 living areas and 4 bathrooms, this versatile offering represents a risk split for savvy buyers whether it be homeowners, investors, land bankers and developers.

Panmure Train Station and main bus routes are just a stone's throw away. Mount Wellington property has experienced a surge in popularity due to balance between proximity and affordability so be quick to view this wonderful opportunity.

Features:

• Elevated 2,175sqm section 440sqm total floor area

• Set back from the street

• Aluminium joinery throughout

• In zone for Stanhope Road School, One Tree Hill College and Baradene College

• Combined rental estimate of $2,395 per week

• Rental estimate for the main house - $715 per week

• Rental estimate for each unit - $560 per week

• Superb North Mount Wellington Location

• Located near Lunn Avenue, Sylvia Park, and easy motorway access

• Super handy address on arterial route

• Leafy green/ rural surroundings

• Bears its own dedicated sole use private driveway

• Views of Mount Wellington

• 15 minute walk to Mount Wellington Summit

• 15+ freestanding car spaces

• Freestanding oversized double garage/ workshop

Buildings include:

Main house:

• Brick & tile

• Four double bedrooms

• One bathroom

• Double internal garage

Three units:

• Brick & tile

• Two bedrooms

• One bathroom

• Separate laundry

• Single garage per unit

This offering not only presents an excellent cash flow opportunity but also holds great potential for future development. The three independent units provide flexibility for various purposes, making it an enticing prospect for those looking to maximise returns.

Motivated vendors who are not testing the market.

Call Hamish or Alice for a private viewing today.