* Prominent site
* Prime Location
* Huge development potential
L J Hooker Drury is pleased to present this unique opportunity for sale via Price By Negotiation.
This prime development offering within this increasingly popular suburb of Auckland provides developers an excellent opportunity to deliver an outstanding project. Zoned Residential (9D) Residential-Terrace Housing & Apartment Building Zone, concept plans have already been completed for a 23 unit, three storey apartment complex.
Key features are:
* High profile corner site of 1067m2 (more or less)
* Dual street frontage
* Residential growth zone
* Excellent location
Close to the heart of Otara township, a leisurely 200 metre stroll to Sir Edmund Hillary Collegiate and not much further to Ngati Otara Park and the Manukau Institute of Technology while the location is also well supported by the shopping districts of Westfield Manukau, Hunters Plaza Papatoetoe and Botany Town Centre.
The connectivity of the site is outstanding being only minutes from the East Tamaki motorway interchange while commuting to Auckland's CBD or the International and Domestic airport terminals takes no more than fifteen minutes outside peak commuting times.
A market proven and tightly held development precinct with a number of highly successful projects recently completed and sold in the immediate vicinity.
Currently tenanted on a fixed term tenancy yielding $850.00 weekly and due to expire in April 2023, this immaculate property offers an outstanding opportunity for astute investors to acquire a freehold property in a central location. What better way to get into one of the fastest growing areas of Auckland.
Buyers price guide Mid $1.5million.