38 Gladstone Road, Parnell, Auckland

Investment gold

In a central Parnell position, this substantial character bungalow has been converted into 2 x 2-bedroom flats on the top level and 1 x 3-bedroom flat on the lower level.

A consistent sound investment and rental superstar for the current owner for over 40 years, now for sale presenting a fantastic opportunity for an investor or somebody looking to convert it back into a family home.

Enjoy the benefits of this upmarket city fringe location only a short stroll to the Gladstone Road shops and the ever-popular Rosie's café. Parnell Rose Garden and the waterfront are along the road and Parnell School only seconds away. Also, in Double Grammar zone.

Many of the rooms are generous with high ceilings, lovely proportions and character. The solid weatherboard home has been well-maintained with tidy exteriors. Excellent off-street parking offers room for several cars and an abundance of excellent storage is situated underneath the house.

Everything you want or need is handy - Britomart, the CBD, the waterfront, Auckland Domain and Westfield Newmarket.

Large rental properties in this sought-after location are hard to come by and astute buyers will see the value in the opportunities available as did the current owner when he purchased over 40 years ago.

Due to its convenience, the property will always be in high demand with tenants with two of them longstanding. Currently occupied as three separate tenancies but also suitable for owner/occupiers to inhabit all or part of the property.

A truly unique opportunity awaits for the astute investor.