Nestled in one of Auckland's most coveted North Shore locales, this charming legal Home & Income property presents a golden opportunity. Sitting on a generous 812sqm (more or less) freehold site with gentle contours in Mixed Housing Suburban zone, this rare gem offers a unique blend of immediate returns and boundless future possibilities.
This is a property that truly caters to all:
- Developers & Builders: Secure a prime site with unparalleled development potential.
- Investors: Benefit from strong, dual-income returns and significant capital growth.
- Growing Families: Live in a spacious, view-filled home with the financial flexibility of a separate income stream, or a place for extended family and friends.
A Home with Income Stream and Spectacular View:
Step into the main residence and be captivated by breathtaking, panoramic sea views stretching over the Hauraki Gulf and Rangitoto Island. The upper level features an open-plan kitchen, dining, and living area that perfectly frames this stunning vista. With four bedrooms (including a master suite with a walk-in wardrobe), three bathrooms, two living areas, and a separate double garage, this home is designed for spacious family living.
The self-contained income unit is a gem in its own right. With a separate vehicle crossing and driveway, it offers privacy and charm. It features one bedroom, one bathroom, and an open-plan layout connecting the kitchen and dining area to a generous living space. A covered porch and private patio create a lovely, low-maintenance outdoor retreat, ensuring excellent rental appeal and a substantial income stream.
Unparalleled Castor Bay Lifestyle:
Life here is about bay side living, convenience and coveted schooling. Only a mere 500m walk from the acclaimed Campbells Bay Primary School, and also zoned for Double Westlake schools & Murrays Bay Intermediate. Situated within minutes to parks, playgrounds, childcare centre and the local village. Enjoy the short drives to pristine beaches, coastal walks and shopping centres.
A Developer's & Builder's Dream:
This is more than a home; it's a strategic investment in the future. The gentle contoured 812sqm (more or less) section provides a blank canvas with two existing vehicle crossings already in place. To ignite your vision, Conceptual Plans with 4 two-level houses is available (subject to council approval), intelligently utilising the site's attributes:
· Two x 4-bedroom, 2.5-bathroom designs with a single garage.
· Two x 4-bedroom, 3.5-bathroom designs with a double garage.
The potential for a premium subdivision or a significant new build is clear and compelling.
Key Features to Highlight:
• Legal Home and Income with two separate vehicle access/crossings for 7 Aberdeen (main home) & 7A Aberdeen (Income home)
• Main home: 4 Bedrooms | 3 Bathrooms | 2 Living Areas | Stunning Panoramic Sea & Rangitoto Views | Double Garage
• Legal Income home: 1 Bedroom | 1 Bathroom | Open-Plan Living |Covered Porch and Private Patio | Separate Vehicle Access Separate Vehicle Access
• 812sqm (more or less) sunny site with a 26.8m (more or less) width of road frontage, Freehold Title, Mixed Housing Suburban Zone - Premium site in the top location!
• Perfect for Developers & Builders, Family & Renovation or Investors for income and Land bank
• Only 500m from Campbells Bay Primary School and zoned for other top schools: Murrays Bay Intermediate, Westlake Boys' High and Westlake Girls' High School
• Prime Location: Walking distance to Centennial Park and Campbells Bay Tennis Club. Minutes away from playgrounds, childcare centre, Kennedy Park, Campbells Bay Beach and Castor Bay Beach.
• Only 5 mins drive (approx.) to Milford Shopping Centre and Mairangi Bay Village. Easy proximity to motorway, public transport and North Shore Hospital
• Main home and Income home both are currently tenanted, generating a rental income of $1,600 per week in total.
• Conceptual Plans for 4 new build sites available (subject to council approval).
Be Quick! Seize this rare opportunity to secure a piece of Castor Bay's finest. contact us today for more information or to arrange for a private viewing!
For more information and documents please see link below:
https://vltre.co/9IqpBH
