HIGH INTENSITY APARTMENT & TERRACED HOUSING ZONE. NORTHCOTE CENTRAL
Set your clock. Time is ticking for strategic land holdings like this, where developers emerge to seize and secure their next project. OR where astute landbankers and extended or larger family buyers swoop in to buy and redecorate. Safe in the knowledge that they have secured a golden windfall for the future.
LOCATION and POTENTIAL. Two powerful words in real estate.
Held by these owners for over 60 years, one can understand their decision to put down their roots in this central and ultra-convenient location, minutes' walk from the Northcote Shopping Centre, Intermediate school, regular buses to and from the City and wider North Shore, fast access for commuting, and a short drive to Takapuna and Milford beaches and retail.
This classical and much-loved, 1965 weatherboard bungalow has grown in time, offering four bedrooms, two bathrooms, and extensive decking flowing out from the spacious lounge and dining. A platform for entertaining and taking in the extensive views north and eastward, with near all day sunshine. Downstairs offers covered garaging, an office, and a super-sized rumpus-utility room (an escape for growing or extended families with potential). Floor area per Core Logic 201 sq metres.
A minor dwelling could also be considered on the rear portion of the title. (Recommend a check be made with Council or a consultant).
DEVELOPERS - SPECULATORS.
This is the one. A near quarter-acre of freehold land (circa 953 sq metres) to carefully plan their next project.
The Apartment & Terraced Housing Zone is so keenly sought after, allowing extra height, scale, and increased building density. Subject to the Council's consent - explore the potential and the number of terraced homes or detached townhouses that could be built.
A PRIME LAND HOLDING. A STRATEGIC ASSET.
Owners are moving on. Will be SOLD.