DEVELOPMENT POTENTIAL ON OVER 5000SQM!!
First time ever on the market is this 'once in a blue moon' opportunity to secure over 5,000sqm of prime Papakura Mixed Housing Suburban land, just perfect for astute developers and investors to rip into and reap the lucrative financial rewards in this red-hot Auckland property market. This exciting combo package comprises two adjacent freehold properties owned by the same family since the 1950s and are located close to shops, schools, bus routes, train station and town centre.
88 Kelvin Road
Set on a generous 1,009sqm site, this immaculately presented three bedroom, 157sqm family residence features two spacious living areas, convenient double internal access garaging and private outdoors entertaining. Rent appraised at $600pw, this property has a current tenant in place.
88a Kelvin Road
Set on an expansive 4,060sqm private off-street site positioned amongst majestic park like surroundings, this original four bedroom, 160sqm family homestead is well presented and offers two living areas, office, four car garaging and workshop. Rent appraised at $650pw.
The reality is properties of this magnitude seldom present themselves to market, so developers, land bankers and the like should seize this absolute golden opportunity to subdivide and develop this impressive parcel of land (subject to council approval) by undertaking their due diligence and positioning themselves perfectly to bid and buy on auction day.
Detailed auction information booklets and LIM reports are available on request with open homes being conducted on both properties or private viewings can be arrangement by appointment. Come discover why the current owners have enjoyed living here for well over 60 years - you'll be glad you did! Phone Phil for further details.
Auction In Rooms - Tuesday, 9th March at 6.00pm
Harveys Papakura, corner Wellington Street & Great South Road, Papakura