Auction at The Sapphire Room, upstairs Ponsonby Central, Ponsonby (unless sold prior) on 26.02.2020 at 6:30 PM
Here's an affordable opportunity with a whole lot of upside and future development potential in one of Auckland's premier suburbs. A large flat 873m2 east-west facing site with a 1900's villa configured in 1 x 2 bedroom and 2 x 1 bedroom flats with a current return of $65,000/pa approx.
Bank the rent, bank the land, plan for its real capability. Proceed with the current resource consent to build 2 x 3 bedroom townhouses and retain the dwelling, or perhaps return the villa to its former glory as a substantial family home and maximise the park-like grounds, maybe even add a pool?! Alternatively, start from scratch utilising the Mixed Housing Suburban zoning, potentially removing the villa and develop the whole site.
Ignore all previous price indications, this is seriously for sale.
See you at the open homes Saturday and Wednesday 12pm-12.30pm or call Scott 021 225 5988 or Chloe 021 672 191.
Property ID PON27796
Close To Schools, Close To Shops, Close To Transport
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