1 Park Avenue, Papatoetoe, Auckland - House Sold on 06 06 2025

SoldJun 6, 2025

1 Park Avenue, Papatoetoe, Auckland

Amount undisclosed

885 m²

House

•

24 days on the market

Sold: Jun 6, 2025

What's around 1 Park Avenue

About this property

Situated on a generous 885sqm (more or less) freehold corner site in the heart of Papatoetoe, this property offers the perfect combination of immediate rental income and long-term development potential. Zoned Mixed Housing Suburban, with stormwater and wastewater services nearby, the site is a fantastic option for developers, land bankers, or savvy investors. Currently configured as three flats, the property is fully tenanted by reliable, long-term tenants - a key reason the owners have held onto it for so long. • 1 Park Avenue: $440 per week • 1A Park Avenue: $410 per week • 1B Park Avenue: $560 per week Total rental income: $1,410 per week (approx.). Located close to Old Papatoetoe town centre, Papatoetoe Train Station, motorway access, schools, and local amenities, this position ensures strong tenant demand and future growth potential. With the recent legislative changes and improving investor confidence, opportunities like this are not to be missed. Whether you're looking to landb

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Buyer's review

4 months ago

Verified Review

Fantastic experience working with Aman and Deepak

We had a fantastic experience working with Aman and Deepak on the purchase of our property at 1 Park Avenue, Papatoetoe. They were professional, helpful, and easy to deal with throughout the entire process. Their communication was clear, and they made the journey smooth and stress-free from start to finish. We really appreciate their guidance, support, and honest approach. Highly recommend Aman, Deepak, and their team to anyone looking to buy or sell property.

Rubal Kumar Arora

Buyer