Leasehold
Ground Lease: $21,775 p.a.
This property comes with a perpetual 21-year right of renewal, with the current lease of $419pw renewing on 20th June 2029.
Calling All Investors, Extended Families & Entrepreneurs!
This solid 1970s home & income is ideally located in the highly desirable suburb of St Johns. Set on 619m2, this property offers views of the Tamaki River and Waiheke. An exceptional opportunity for those seeking flexibility, income, and long-term value.
The property is configured in three parts:
Primary Residence is a beautiful 2-bedroom executive home with water views is an entertainer's delight. Showcasing seamless indoor-outdoor flow onto high quality Vitex decks. The spacious open-plan living area features a contemporary high-end kitchen, a stylish modern bathroom, and a master bedroom with a walk-in wardrobe. Presentation is truly exceptional-just move in and enjoy.
Downstairs, you'll find a fully self-contained one-bedroom flat with a separate entrance, complete with its own kitchen, bathroom, outdoor area, and parking. Whether you're looking to accommodate extended family, generate rental income to help pay the ground rent, or explore a complete dual-living arrangement, this space offers excellent flexibility.
Pavilion & BBQ bathed in sunlight is your private north facing landscaped backyard, complete with covered pavilion & BBQ area. Above-ground pool, and spa (not included in chattels but negotiable).
While benefiting from consistent rental income, investors or extended families may see potential to add a minor dwelling at the rear of the section, subject to necessary approvals from the lessor and local council. A single garage is also included, which could potentially be converted into additional accommodation, subject to required consents.
Perfectly positioned in the heart of St Johns, the property is zoned for Stonefields School and Selwyn College. You're also just moments from Remuera Golf Club, Merton Road Tennis Centre, and Swim Tastic, with easy access to the North-South Motorway for seamless commuting.
Don't miss this rare and versatile opportunity. Contact me today for more information or to arrange a viewing!
