18 St Georges Bay Road, Parnell, Auckland, 1052, New Zealand
Opportunity of a lifetime, purchase this property today!
This recently renovated investment property consists of 3 large apartments inside a converted villa. This property will provide you with a fantastic income while you map out how to take advantage of the THAB zone (Terraced Housing and Apartment Buildings), while resolving the challenges in the current configuration.
Unlock the full development potential of this prestigious freehold 761m2 site in the heart of Parnell. This won’t be the easiest of sites, but it is an exceedingly rare opportunity to acquire a property with a holding income with sky-high development potential, sitting amongst some of Auckland’s most desired dress-circle properties.
Bring your experience and enthusiasm to an exciting opportunity!
Features:
• Development opportunity
• One of Auckland’s top location
• 3 flat villa conversion
• Freehold 761m2 section
• Current income $70,720pa
• Potential income $130,000pa
• 2017 CV $3,475,000
