Unique, rare as hen's teeth, one-of-a-kind, unrivalled..... and the list goes on and on.
A level quarter acre site, with three dwellings and resource consent to build another; this offering has a huge upside and potential to be unearthed by the astute buyer. Magnificently positioned in Milford - one of the North Shore's most desired locations (fantastic cafe culture, boutique shopping, golden sand beaches, the best schooling in the country and a short transit to Auckland's CBD), a special opportunity awaits.....
- Total Land area 1,011m2 (more or less), on a level site
- Zoned Mixed Housing Suburban
- 3 Properties on cross lease titles: 1/90, 2/90 & 3/90 East Coast Road, Milford
- Plus: Resource Consent for a new build on front of site: 214m2 (more or less), to become 4/90 East Coast Road
- Current total Annual Rental Income (not including new build): $113,360 per year ($9,447 per month, $2,180 per week) from existing properties: 1/90, 2/90 & 3/90
- Floor area: 200m2 (approx) for each
- Bedrooms: 4-5 bedrooms in each
- Renovations: new roof, exterior painted, 2/90 new bathroom and kitchen
- Elevated views
- School zones: Double Westlake, TNIS, Murrays Bay Intermediate, Milford School, Campbells Bay School & Forrest Hill School
There are multiple options here to invest, invest and build, or to fully develop the site. There are few land banking opportunities like this in the market on a flat site in Milford and this represents a rare opportunity to take advantage.