- 1,011sqm (more or less) landholding
- 110sqm (approx.) dwelling configured as a one-bedroom and two-bedroom unit
- Resource consent in place for a multi-unit development
- Holding income from residential tenancies
Combining immediate income, approved development potential and strategic location, this slice of Frankton real estate is well worth eyeing up.
The substantial 1,011sqm (more or less) landholding, paired with an approximate 110sqm dwelling, presents a compelling opportunity for investors, developers, or land-bankers seeking scale and location. With resource consent for a multi-unit development in place, redevelopment and intensification are firmly on the table. Meanwhile, the existing dwelling - configured as a one-bedroom and two-bedroom unit - provides stable holding income or interim use while plans are explored.
Surrounded by the prominent industrial suburb of Frankton and advantaged by easy access to State Highway 1C and key Hamilton arterial routes, the location is outstanding and rental demand is strong.
Contact sole agent, Willem Brown, for further information or to arrange a viewing.