In tightly held St Lukes, opportunities like this are exceptionally rare. A freehold 701m² (MOL) corner site with 3 legal self-contained units on 1 title, generating approx. $86,000 per year in rental income now, with clear future potential to explore. Vendor motivation is real — this must sell.
** Approx. $86,000/year combined rent (records available)
** 701m² (MOL) freehold corner site
** 3 legal, self-contained 1-bedroom units on 1 title
** Each unit includes its own kitchen, bathroom + toilet
** 2 vehicle access points / entrances
** Residential – Mixed Housing Suburban Zone
** Previously consented for 5 units (RC now lapsed)
** Land soakage report provided
** Wastewater line appears within the boundary (purchasers to verify)
** Walk to New World; minutes to Westfield St Lukes, SH16 + Baldwin Ave Station (approx.)
** Zoned for Mt Albert Grammar School
------- Info-pack download: https://tinyurl.com/7jesmond --------
This is the sort of property investors, land-bankers, and future-focused buyers wait for — strong holding income today, with land value and development context adding another dimension tomorrow.
The appeal is obvious: 3 income streams, 1 freehold title, corner position, substantial landholding, and proven historical consenting reference. Whether you are looking to hold for cashflow, reduce vacancy risk across multiple tenancies, or investigate longer-term options, this is a serious piece of St Lukes real estate.
Opportunities with this mix of cashflow, land, location, and flexibility are seldom available — and motivated vendors mean this one is not here to test the market.
Contact Roman Hu on 021 590 027 for viewing. Conjunctional sales are welcome.
