For the first time in half a century, this exceptional investment property enters the market, presenting a rare opportunity to secure a foothold in Auckland's most prestigious coastal enclave. Nestled on a commanding 683sqm freehold corner site at the intersection of Tweed Street and Curran Street, this meticulously maintained investment property occupies an irreplaceable position in the heart of Herne Bay. The strategic location offers seamless access to vibrant Ponsonby Road precinct, prestigious Westhaven Marina, cosmopolitan Viaduct Harbour, Auckland's central business district, and sheltered local beaches and coastal walks.

Custom-built by the current owner in the early 1970s, this boutique block presents impeccable investment credentials with seven self-contained one-bedroom apartments. The solid concrete and block construction was built to endure, with upper-level apartments capturing harbour views. With a total building area of 359sqm across two levels, the property currently generates a gross annual return of approximately $154,000 and benefits from a professional management structure already in place.

Zoned Residential - Mixed Housing Suburban under the Auckland Unitary Plan, this premium site offers multiple pathways to value creation. Investors can secure immediate strong holding income, implement targeted upgrades to maximize returns, undertake comprehensive refurbishment, or explore redevelopment options (subject to council approval) to leverage the site's exceptional underlying land value.

Properties of this calibre in Auckland's blue-chip Herne Bay rarely become available. This represents an exceptional opportunity for family trusts seeking generational wealth preservation, private investors targeting premium Auckland assets, investment syndicates pursuing quality residential portfolios, and developers recognizing the site's strategic potential.

Don't miss this rare chance to secure a premium position in Auckland's most coveted suburb.

The same vendor is also selling 44 Sarsfield Street, Herne Bay.