Glen Eden - Prime Development Opportunity!

Description

Deadline sale: Closes on Friday 20 December 2024 at 3:00PM (unless sold prior)
Resource Consent Granted for 7 Lots Zoned Terrace Housing and Apartment Building (THAB)
A 728m² corner site is a golden opportunity for developers, land bankers, and savvy investors. Dont 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. Rental appraisal indicates gross income of $900 per week ($46,800 per annum).
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.
Vendors Instructions: This property must be sold!
Offers close 3pm 20th December dont delay!
Contact Ying, 0211329199, to book a viewing between 20th Dec - 10th Jan.
Go to www.barfoot.co.nz/902421 to view supporting documents and PDFs.