Auction: 8-12 The Promenade, Takapuna on Thursday 5 March 2026 at 10:00AM (unless sold prior)
This is a rare North Shore cash cow: three fully legal, income-generating homes on a 1,252m² prime block in Northcote Point. Immediate rental returns, multi-unit flexibility, and unmatched long-term growth potential make this an investor’s dream. Opportunities like this are vanishing fast.
Investment Highlights:
- Triple Income Units: 18, 18A, and 18B – fully independent, fully legal, combined 390m² of living space (Auckland Council records).
- Cash Flow Ready:
- 18A leased at $735/week, delivering instant income
- Total weekly income potential exceeds $2,000, making this a high-performing rental cash cow
- Cap Rate Potential: Well-priced to maximize returns in one of Auckland’s most desirable suburbs
- House by House Breakdown:
- 18 Sulphur Beach Rd (Main Home): 3 bedrooms, dual kitchens/living areas, oversized bathrooms – ideal for multi-generational or high-yield tenants
- 18A: 3 bedrooms, 2 bathrooms, separate kitchen/living, carport – fully leased cash cow
- 18B: 2 bedrooms upstairs, multiple bathrooms, independent kitchen/living/laundry, carport – ready to rent immediately
Location & Land Scarcity Premium:
- Minutes to Exit 422 and 10 minutes to Auckland CBD
- Exceptional harbour and city skyline views – premium for tenants and future development
- 1,252m² in Northcote Point is almost impossible to replace – ideal for subdivision or redevelopment (subject to council approval)
This isn’t just a property. It’s a rare, high-yield cash cow with triple income streams, prime location, and long-term asset appreciation potential. For serious investors seeking secure cash flow and growth, this is the one to act on – before someone else does.
