1-6/40 West Coast Road, Glen Eden, Waitakere City, Auckland, 0602, New Zealand
This is a unique opportunity to secure land for today and for the future, with the bonus of a lucrative return. The entire site is 1012 sqm of land, currently sitting pretty, with a block of 6 units. The front 2 units are within a converted villa and a block of 4 units at the rear.
All units are currently rented with an income of $2105 per week. With a 6.1% yield, this property is ideal for future development and has huge potential. The high rental income allows buyers to have long-term ownership to landbank or ample time to prepare development plans.
The section currently allows space for 6+ off-street carparks, with plenty of more space for any ideas you may have.
Walking distance to Kelston shops, train stations and bus stops. Moments from Glen Eden Village and New Lynn Mall. This location is appealing and convenient.
