10 Gloucester Road, Manurewa, Manukau

Development opportunity

This property is currently under contract.

• Freehold 832sqm (more or less) property with development potential
• Motivated Vendor
• The property is in Terrace Housing and Apartment zoning and has Building Consent for two new three-storey residential buildings
• Property can be sold as individual apartments or rented to Work and Income or be operated as a lucrative business (community living /boarding house)
• Property is in the Watercare service network for stormwater and wastewater

Situated in central Manurewa, this property has proximity to essential amenities, schools, parks, shopping centres, and public transportation.

Walking distance:
• 10 minutes' walk to Manurewa High and Intermediate Schools
• 10 minutes' drive to the Southmall and Manurewa Library, and Manurewa Train Station
• 2kms to Clendon shopping centre which includes Mobil, Pak'n'save, McDonald's and other retail shops

This property is well-suited for developers looking to maximize their returns. It currently features four bedrooms and parking space, along with an ongoing periodic tenancy that generates a holding income of $34,000 per annum. This is your opportunity to turn this property into a profitable investment!

Reach out to us for more information and to schedule a viewing.

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Chitra Rohilla
021 027 52293
chitra.rohilla@bayleys.co.nz

Piyush Kumar
027 410 4750
piyush.kumar@bayleys.co.nz

Erum Ali
022 023 7586
erum.ali@bayleys.co.nz