Glen Eden - Resource Consent Granted!

Description

Resource Consent Granted for 7 Lots – Zoned Terrace Housing and Apartment Building (THAB) and not affected by Watercare Capacity Restraints. Currently a high yield rental return for anyone not ready to break ground straightaway.

A 728m² corner site is a golden opportunity for developers, land-bankers, and savvy investors. Don’t miss your chance to secure this sought-after property in Glen Eden, with Resource Consent for 7 lots already in place!
Key Features:

• Not affected by the Watercare Capacity Restraints: Written Confirmation by Watercare
• Two vehicle crossings on Claywest Place and Clayburn Road for added convenience.
• Exceptional Accessibility: Just a 5-minute walk or 1-minute drive to Glen Eden Train Station via Brandon Road.
• Existing Dwelling: A 1960s three-bedroom bungalow (approx. 116m²) with a second living room currently used as a fourth bedroom.
• Bonus Income Streams: Two sleepouts for extra income cash flow and three additional sheds for storage, plus an under-house garage.
• Steady Rental Income: Currently generating rent of $790 per week ($41,080 annually) and tenants are happy to stay.
• Development-Friendly Services: All underground services are conveniently located.
• Easy Contour & Dual Frontage: Perfect for flexible and cost-effective development.

This is a rare opportunity to secure a prime development site in a high-demand location.
Vendor’s Instructions: This property must be sold!

Go to www.barfoot.co.nz/902421 to view supporting documents and PDFs.