177A Mt Eden Road, Mt Eden, Auckland

Grammar zone development site with income

• Freehold development site in sought-after Mt Eden location
• 688sqm fee simple land zoned Business - Mixed Use (18m height)
• Strategic and convenient position, a short walk from CRL station
• Existing residential tenancies returning $73,840p.a. with potential income growth
• Opportunities for developers, land bankers and add-value investors

This is a rare chance to secure an affordable Mt Eden development site, which offers ongoing holding income. The existing improvements comprise 3 x residential flats, two of which are currently tenanted with the potential to increase income by refurbishing and tenanting the third flat.

This strategic location offers easy access to public transport links (including the under construction Mt Eden CRL station) motorway, Auckland CBD and the plentiful amenities which Mt Eden provides. Whether as a site for near immediate development, land bank or add-value investment, this property demands further consideration. Call now for further information.