DEVELOPMENT GOLD | 1004sqm FREEHOLD | INCOME + UPSIDE
Welcome to 90 & 90A Chelburn Crescent, Mangere East - a rare, high-potential offering that combines holding income, development flexibility, and future growth on a generous 1004sqm freehold site.
At the front of the property, No. 90 has been fire-damaged and is uninhabitable, presenting a clean-slate opportunity to remove and rebuild, or to fully unlock the site's development potential.
Set privately behind, 90A Chelburn Crescent is a legally consented three- bedroom, one-bathroom minor dwelling, currently tenanted, Healthy
Homes compliant, and returning $595 per week - providing immediate income while you plan your next move.
Adding to the appeal, concept plans have already been drawn for two brand-new standalone homes on a 3-lot subdivision, highlighting the site's
excellent scope for redevelopment (subject to council approval).
Key Features:
- 1004sqm freehold section
- Two dwellings: 90 & 90A Chelburn Crescent
- Mixed Housing Urban Zone
- Front dwelling uninhabitable - ideal for removal and rebuild
- Rear 3-bedroom home, Healthy Homes compliant
- Rental income of $595 per week (front house was getting $675pwk)
- Concept plans for two standalone homes
- Excellent opportunity for developers, investors, or land bankers
This is a strategic purchase for those looking to add value, develop, or secure land in a growth area - opportunities like this don't come around often.
Develop, land-bank, or rebuild - the choice is yours.
Contact Linh Yee today to arrange an inspection/site visit.
