Deadline sale: Closes on Thursday 16 April 2026 at 3:00PM (unless sold prior)
Development or Blue-Chip Investment
Set on a substantial 1,012m² (approx.) flat freehold section, this property presents a rare opportunity
combining triple rental income with significant development potential in a highly desirable coastal North
Shore location.
The property comprises three solid brick two-bedroom flats currently generating $1,685 per week in rental
income, providing strong holding income while future plans are considered.
Positioned within the Residential Mixed Housing Suburban zone, the wide road frontage and level contour
create excellent potential for subdivision, townhouses, multiple dwellings, or a substantial family estate,
subject to council approval. Elevated aspects with sea views further enhance the appeal of this impressive
landholding.
Property Highlights
• 1,012m² (approx.) flat freehold land
• Three brick two-bedroom flats
• Combined rental income of $1,685 per week
• Wide road frontage with development potential
• Residential Mixed Housing Suburban zoning
• Wastewater and stormwater connections on-site or nearby for easy servicing
• Sea views and elevated outlook
• Ideal land bank with strong holding income
Large flat sites of this scale are increasingly rare in this location, making this a compelling opportunity for
developers, investors, and land bankers.
Located just minutes from Milford Beach, cafés, restaurants, and boutique shopping, the property offers the
very best of North Shore coastal living. Easy motorway access and public transport provide convenient
commuting, while the property is zoned for highly regarded schools including Westlake Boys’ High School,
Westlake Girls’ High School, and Campbells Bay School.
The vendor is fully committed to meeting the market and moving forward, presenting a genuine opportunity
for buyers to secure a substantial landholding with immediate income and outstanding future potential.
