Strong Holding Income with Long-Term Development Upside
Opportunities like this are increasingly rare. Located on the desirable Newmarket / Epsom fringe, this freehold multi-unit property delivers strong rental income today while offering significant future potential.
Fully tenanted and providing excellent holding income, the property is perfectly suited for investors, developers, or land bankers looking to capitalise on the Terrace Housing & Apartment Buildings (THAB) zoning.
Just a short stroll to Westfield Newmarket, major rail and bus connections, and Auckland Domain, the location is also within the prestigious double grammar zone for Auckland Grammar School and Epsom Girls' Grammar School.
Investment Highlights:
- Freehold land area: 808 m²
- Building area (approx): 255 m²
- Current weekly rent: $2,340
- Strong tenant demand and excellent occupancy history
- Zoned Terrace Housing & Apartment Buildings (THAB)
- Ideal for future redevelopment or value-add strategies (subject to Council approval)
The neighbouring property at 4 Edgerley Avenue is also available, creating a rare opportunity to secure 1,627 m² of combined landholding in one of Auckland's most desirable city fringe locations.
Contact the team today to receive more details!
