Combining an established income stream with future development potential, 42 Redruth Ave offers an appealing opportunity for investors and developers alike.

To view documentation in relation to this property, please copy and paste the link into your web address bar: https://www.propertyfiles.co.nz/property/L43442849

Flexibility around settlement opens the door to two clear options. Settle sooner with the tenants in place and enjoy the triple income, or secure vacant settlement on 1 December 2027, giving you time to consent your plans and be ready to start the day you settle.

Currently returning $1,050 per week across three separate tenancy agreements, the property provides immediate rental income with existing fixed term tenants in place. Its Medium Density Residential (MRZ) zoning with a good street frontage adds scope to explore future development in the popular Spreydon location, where ongoing redevelopment continues to reshape the suburb.

Whether you're growing your investment portfolio, land banking or planning your next project, this is an opportunity with options.

We welcome enquiries and are happy to work with all agencies.

Auction | Wednesday 18 November 2026 from 10:00am (unless sold prior), Holmwood Auction Rooms, 397 Ilam Road