Astute investors will immediately recognise the value on offer here — a well-positioned block of four units generating a combined rental income of $98,800 per annum, with future development potential to match.
Set on an expansive site of approximately 989sqm (more or less), the property comprises three spacious two-bedroom units and one generously sized four-bedroom unit — a versatile mix that appeals to a broad tenant pool.
Constructed in solid brick, these low-maintenance units provide reliable returns from day one. Each offers functional open-plan living, dedicated parking with carports, and the added bonus of a garage for the rear unit.
Zoned Terrace Housing and Apartment Building, this is where the real opportunity lies. Positioned on high-profile Mount Smart Road in an area seeing continued growth and intensification, the site presents clear long-term development potential (subject to council approval).
Location is key — with easy access to both the CBD and Auckland Airport, plus nearby transport options including Te Papapa train station. Residents will enjoy proximity to One Tree Hill Domain, Royal Oak village, Dress Smart, and Mt Smart Stadium, along with sought-after local schooling all within walking distance.
Whether you're looking to landbank, add value, or explore development options, this is a strategic acquisition in a rapidly evolving location.
Get in touch today to secure a smart addition to your portfolio.
