847m2 on 2 Titles & THAB zone
This piece of land has everything going for it. Zoned for Terrace Housing and Apartment Building, this 847m2 with gentle contours is ready for development. The services are on-site and the vendors are motivated to sell.
Two houses - two titles, which mean you're able to enjoy the positive cash flow. This is an excellent opportunity for developers, land bankers, and investors!
Princes Street is a 3 beddie brick house plus 1 bathroom with a single lockup garage. It's currently rented for $590 - $630 per week (With room for improvement if renovated).
58B Princes Street is a 3 beddie, 2 level home is well presented. It was renovated a few years back. The ground floor has an open plan living and kitchen, separate laundry, and a bedroom with an ensuite bathroom. On the first floor, it has 2 bedrooms and a bathroom. The garage has been converted into a rumpus room and can be used for multiple purposes. The outdoor deck is an inviting place for entraining family and friends. Loads of off-street parking and the section is fully fenced for added safety and security.
Located in a high demanding area, only 10 minutes to Slyvia Park Shopping centre, Highbrook business park and easy access to motorways. Opportunities like these don't come often. Be quick to obtain further details on this goldmine land as this will not last long!
Both properties will be SOLD together.
The decision has been made and owners sell by public auction on Thursday 11th November 2021, in rooms of Ray White at 66 Great South Rd, Papatoetoe, at 4:00 pm. (unless sold prior).