Nestled in the heart of Auckland, this exceptional building site beckons those with a strategic vision. If you are a:
• Developer
• Corporate Entity
• Land Banking Enthusiast Aiming for Capital Gains
• Seeker of Large-Scale Cashflow
• This opportunity demands your attention.
Property Overview:
Presented by the Body Corporate on behalf of individual owners, this complex, comprising 18 townhouses over several car parks, is poised for transformation. All owners have unanimously agreed to sell.
Technical Details:
A report from last year notes design flaws that warrant attention in the next 25 years. Constructed with concrete board on a wooden frame, some maintenance matters commensurate with the age of the complex are beginning to become a concern.
Site Specifications:
Encompassing a 1,200 sqm site, with permission to build up to 50m high, the potential for a remarkable development is undeniable. Alternatively, a discerning purchaser could acquire all units and maintain the existing structure for another 10-15 years.
Strategic Location:
Situated in the heart of the city, this opportunity caters to the astute developer seeking a project with unparalleled potential.
Development Potential:
Preliminary investigations indicate the prospect of constructing 90-140 units within this development.
Contact Information:
For further details and to express your interest, please contact Mark promptly. This is a rare opportunity not to be overlooked.
