Papatoetoe - Development Potential or Cash Cow with 2 Houses!

Description

Auction: 62 Highbrook Drive, East Tamaki on Wednesday 11 December 2024 at 1:00PM (unless sold prior)
Attention developers and investors! Unlock the potential of two prime properties on cross-lease titles, offering a combined land area of 963sqm (more or less) on a flat site in a highly sought-after central Papatoetoe location.
Situated within walking distance to Hunters Plaza, St George Street Shops, Papatoetoe Recreation Grounds, and Papatoetoe Train Station, this address provides convenience and accessibility like no other. Services are easily accessible nearby, making it an ideal site for development (subject to council approval).
Front House: A charming 3-bedroom home with vintage appeal, featuring a separate lounge, dining, kitchen, and a single bathroom
Rear House: A low-maintenance 2-bedroom, 1-bathroom brick and tile home with open-plan living, and an internal access garage
Either residence is perfectly suited for generating steady rental income or serving as a comfortable living space, providing flexibility and convenience while you plan your next development steps.
This is an unmissable opportunity to explore the possibilities of redevelopment, land banking, or maximizing rental returns in one of Auckland's fastest-growing suburbs. With its central location and development-friendly site, the potential here is immense.
Act now to secure this rare double-title offering! Contact the team today for more information, discuss your vision and arrange a viewing.