Available for purchase is this 2,231sqm (more or less) rectangular Mixed Housing Urban zoned landholding in the heart of rapidly evolving Panmure.

Positioned up a right of way off Church Crescent, the elevated site enjoys expansive views across the Panmure Basin and Tamaki Estuary.

Existing improvements comprise 3 x 1960s brick and tile flats plus a standalone brick and tile dwelling, returning over $100,000 per annum. All tenancies are periodic, providing proven holding income and future flexibility.

The exteriors present very well, while opportunity remains to add value through interior refurbishment and modernisation over time.

Strategic landholdings of this scale are increasingly tightly held. Strong existing cashflow underpins long-term upside, while the existing configuration may also appeal to buyers considering future subdivision or reconfiguration options, subject to council approval.

Positioned close to Sylvia Park, the Panmure transport hub, motorway access and Auckland’s eastern bays.

Contact Mitch Owens - Bayleys Residential and Matt Dell - Bayleys Commercial today to obtain further information.

Returning over $100,000pa
3 x 2 bedroom, 1 bathroom flats
1 x 3 bedroom, 1 bathroom dwelling
Auckland Council rates: $11,281.10pa