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Holding high investor and development appeal with exceptional rental yields where options unfold for living in, tenanting, or subdivision, and Resource & Building Consent is already granted for two additional dwellings.
Comprising two existing conjoined two-bedroom units featuring semi-separate kitchens and lounges and individual carports on independent driveways.
A recent rental appraisal points to a combined $50K per annum with a higher yield expected from the construction of two additional dwellings on the rear of the property for accrued returns potentially in excess of $122K.
A wide road front and easy access to the rear of the property down a side drive suggests an uncomplicated building process with power, water, waste, and fiber at/near the boundary.
Set in a location known for high amenity-intensity backing onto the Manukau Super Clinic, proximity to motorways and arterial thoroughfares plus schools, parks, rail, mega-malls, and local retail in the vicinity.
Packing potential for substantial dividends where you can rent out for income or live-in while progressing plans to develop - call Dean Edmonds for further information.