1 Mount Wellington Highway

Mount Wellington Auckland

Other

Currently for sale - view listing

Overview

The Road to Riches - A Right Royal Return

Rarely does a property such as this come on the market. This enormous-sized block, offering 28 three-bedroom, 2.5 bathrooms, individually titled residential units, for sale together, is the complete investment. In total, there are 84 bedrooms and 56 bathrooms. The property comprises 27 two-level, three-bedroom townhouses arranged in six modern and attractive blocks, and one standalone three-bedroom single-level bungalow, occupying a substantial freehold land, zoned Mixed Housing Suburban land. The townhouse layout comes with a kitchen/ dining/ lounge opening onto a small outdoor area, plus the toilet and a single garage on the ground floor, and the three bedrooms & two bathrooms on the first floor, one being a master bedroom. Unit 9 is a standalone bungalow and has a carport accommodating two vehicles. A golden opportunity for the investors and developers to add value, and explore a suitability for other redevelopment, such as a retirement village or similar, while benefiting from the substantial holding income. Situated in a park-like setting, with plenty of visitor parking, large trees, and set back from the main road for peace and quiet. An unbeatable location, just minutes to Sylvia Park, motorway access, and public transport, including the nearby Panmure train station. Enjoy all the perks of a central location in this sought-after spot. Buyers with an eye for the future will instantly recognize the exceptional potential, this exciting proposition demands your immediate attention.