Conveniently positioned in city-fringe Edgeware, this collection of five units on 1,096 sqm of MRZ land (Medium Density Residential Zone) represents a large-format investment opportunity, offering instant returns and long-term potential. Arranged as five two-bedroom, one-bathroom units, the property carries the kind of flexibility and income potential rarely found in a single acquisition, particularly this close to the CBD. Constructed from permanent materials, the block remains largely original throughout, offering investors immediate liveability alongside significant scope for a full-scale refresh and rental repositioning. With practical living spaces and individual garaging across each unit, the configuration carries the everyday functionality that secures long-term tenant appeal. Developers will equally recognise the significance of the 1,096sqm site and prized MRZ zoning, with enough land to support a potential redevelopment project. The location strengthens the proposition even further, being just minutes from the edge of the four avenues, where the CBD unfolds beyond, while the Hills Road shops and Edgeware Village keep everyday convenience close at hand. Five existing income streams and over a quarter acre of MRZ land on the city fringe place this property in increasingly rare territory, and interested parties are encouraged to act accordingly. With retirement plans locked in, my owner's instructions are clear- these properties must be sold. Owner prefers to sell them altogether.
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DEADLINE: Tuesday 2nd June 2026 at 2pm Harcourts Grenadier 1/146 Somerfield Street, Beckenham (Unless Sold Prior)

Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.