Panmure - Developers Dream, With Water Views

Description

It's becoming increasingly challenging to acquire large plots of advantageous Auckland land, let alone two neighbouring properties zoned for Terrace Housing and Apartments.
The combined sale of 1-5/10 Church Crescent and 3 Sunset View Road offers the ultimate development and investment opportunity. Church Crescent was last purchased in 1965 as bare land by our owners, who subsequently acquired the neighbouring Sunset View property in 2004. With a combined land size of approx. 2613 m2 and six homes, there are many options to explore.
These two properties share a boundary and spectacular views over the Panmure Basin. A widespread ?living view' would best describe the elevated aspect that encompasses outlooks of Auckland's legendary volcanic landmarks such as Mt Eden, Mt Hobson, One Tree Hill, and Mt Wellington, and stretches westward to the Waitakere Ranges. Each unit and home on these properties boasts its own perspective of it all.
Currently positioned at 10 Church Cres is a block of four cross-lease brick-and-tile units, each with two bedrooms and one bathroom. The main three-bedroom, two-and-a-half-bathroom brick-and-block home occupies the space to the rear of the property, which borders 3 Sunset View Road, where a two-bedroom, one- bathroom cottage resides.
Your plans could include cashing in and selling off each cross-lease unit or cottage and refurbishing the main home to your taste. Collect rent and landbank the lot or investigate the full potential while maximising the views.
Storm water pipes run directly underneath 10 Church Cres, easing future developments.
Those who come to dwell here will enjoy scenic waterfront walks along the basin and proximity to Sylvia Park's retail and entertainment mecca and motorway access.
This sale is unique and unlikely to be repeated in this fantastic position of the Auckland landscape. Make all interests known quickly.