Auction: Thursday 25th March 6pm (unless sold prior) Held at The Hancock Group 5/1008 Ferry Road, Ferrymead
Download property files here: https://vltre.co/zk4tUE
THE FACTS:
- Two self-contained flats on one freehold title
- Configuration: 1 x 2-bedroom flat, 1 x 2-bedroom + office flat
- Combined rental income: $950 per week
- Both tenants on periodic tenancies
- Zoned Residential Suburban Density Transition (RSDT)
- School zones include Cashmere High School and Somerfield School
- To be sold on or before auction day
THE FLUFF:
Developers, investors, and land-bankers, this is the kind of opportunity that quietly builds wealth in the background.
Positioned on a substantial 933sqm corner site in an increasingly sought-after pocket, this property delivers immediate income with long-term upside. Two rental streams on one freehold title provide strong holding income today, while the Residential Suburban Density Transition zoning opens the door to tomorrow's development potential.
With reliable tenants who are happy to stay, you can step straight into consistent cash flow from day one. Whether you're expanding your portfolio, securing a future project site, or helping family into their first home while retaining income from the second dwelling.
Zoned for desirable schooling and located in a proven growth area, this is smart buying with flexibility written all over it.
Our vendors have appreciated the steady returns, but their next chapter calls. Opportunities with this combination of land size, income and zoning rarely sit still.
Disclaimer: unit 2 photos are not current
