Immediate Cash Flow: $1,090 per week
Zoning: Mixed Housing Urban (Development Potential)
The Overview
Smart investors look for these things right now:
immediate yield to carry the holding costs, and a massive exit strategy.
This property hands you both on a silver platter. With $1,090/week already rolling in from dual tenancies, your bank manager will love the serviceability while your surveyors draw up the subdivision plans (of course with territorial authority consent).
Why This Belongs In Your Portfolio:
Immediate $1,090/Wk Dual Income: No waiting for renovations or trying to find tenants. The cash flow is live from day one, significantly offsetting your mortgage holding costs.
5.5% to 6% ROI
High-Density Development Potential: Situated in a high-growth zone under the Mixed Housing Urban framework. Flat, accessible land ripe for multi-unit intensification (subject to council approval).
Location is Key: Papakura is rapidly expanding. Minutes away from public transport hubs, motorway access, and local amenities, ensuring high future resale demand for whatever you build.
The Strategy Options:
Land Bank & Collect: Enjoy a strong, diversified rental yield from day one and let capital growth do the heavy lifting.
Develop Immediately: Leverage the high-density zoning to maximize the site's footprint and build high-demand terrace housing or units.
Urgent Note: Sites that genuinely pay for themselves while you wait for consent are becoming incredibly rare in the current market.
Ready to crunch the numbers?
Don't let another investor beat you to the calculator.
Call me today
Please download property documents through this link: https://vltre.co/NUlrSE
