This rare offering on Alma Road presents an exciting opportunity for savvy investors to secure a serious slice of Milford real estate. Coming to the market for the first time in 38 years, these three classic brick-and-tile units are to be sold as a single package. The property sits on a generous 1062m² (mol) flat site, offering a clever addition to a long-term investment portfolio or a perfect canvas for a high-density residential project (subject to the council approval).
Zoned for some of the best schools on the North Shore, including Milford Primary School, Takapuna Normal Intermediate, and both Westlake Boys and Girls’ High Schools, the location sells itself.
All units, featuring 2 bedrooms, 1 bathroom, 1 living and a single carport, provide an immediate and reliable income stream, with two already occupied by tenants. The timeless brick construction ensures low-maintenance upkeep, and with a brand-new roof recently installed, you have the added peace of mind of a solid asset while you work through the planning and consenting process.
When it comes to location, you’ve got it all. You're just a short trip away from the boutique shops and cafes at Milford Village, and it’s an easy commute with Smales Farm bus station and motorway access just around the corner. Plus, with North Shore Hospital and the Smales Farm business hub nearby, you’re perfectly positioned for easy living and working.
This is a rare chance to capitalize on a prime piece of Milford real estate that offers both immediate yield and significant capital gain potential through development.
