Hands down one of the best opportunities in heartland Grey Lynn. Occupying a sprawling 556m2 corner site a stroll from Pocket Bar, Florets Bakery and Josy Café, savvy buyers will understand just how much potential there is with this traditional five-bedroom plus bungalow.

The property is currently configured as two flats. On the upper level you will find expansive open plan living and dining spilling out to a wraparound balcony boasting a north-facing aspect for all day sun. The large kitchen is ready for you to stamp your style and comes with an abundance of storage and a plenty of space to play with. Four spacious double bedrooms include one with a traditional bay window and all with the original lofty stud height in place, complemented by a generous bathroom with separate bath.

The lower level encompasses open plan living, dining and kitchen, with original polished floors and loads of space. There are two bedrooms in place, both double and good-sized. A bathroom and laundry complete the picture, while an additional studio also on site is plumbed with bathroom and kitchenette and would be ideal for a home business or even a wellness studio given the stellar location. There is also off-street parking for multiple vehicles, a rarity in the inner central suburb.

Currently happily tenanted, this property will appeal hugely to astute investors looking to add to their portfolio and hit the ground running, as well as anyone looking to add value in this sought after area. With a clever architect on board the potential for creating a dream home on the site is vast given its size and position close to Ponsonby and motorway access. With an abundance of scope and possibility, don’t delay viewing as this will be popular.