Auction: 8-12 The Promenade, Takapuna on Thursday 16 April 2026 at 10:00AM (unless sold prior)
A rare opportunity to secure a dual-income investment property in the highly sought-after Totara Vale suburb.
This cross-lease property comprises two separate dwellings, 40A and 40B both to be sold together, positioned on an approximately 672m² shared land area.
Each dwelling offers a 2-bedroom, 1-living layout, and both properties are currently tenanted, providing immediate rental income from day one. Importantly, the property benefits from fully connected services, presenting potential future development or improvement opportunities (subject to council approval).
Key Features:
- Two dwellings sold together under two title
- Cross Lease ownership
- Two 2-bedroom, 1-living homes
- Both currently tenanted – dual income stream
- Approx. 672m² shared land area
- Services available on site
- Potential development or value-add opportunity
(subject to council approval)
- Strong long-term holding property
Location Highlights:
- Popular Totara Vale residential suburb
- Easy access to motorways
- Minutes to Wairau Park commercial precinct
- Close to schools, public transport and amenities
- Proven high-demand rental area
This is an outstanding opportunity for investors, land-bank buyers or developers seeking income today with future upside tomorrow.
Auction – do not miss this rare North Shore opportunity.
