Development opportunity with holding income
When our clients bought this prime corner site - totalling 766sqm - their intention was to redevelop; four years down the track life has intervened and their new plans no longer include retention.
Their cloud is your silver lining, offering the opportunity of this residential medium density site in the heart of Addington.
The zone provides for townhouses, terraced housing, apartment buildings and encourages comprehensive development. Smaller and shared outdoor living spaces are acceptable within this zone.
While you work through the planning and consent stage you can collect the $520 per week rent from the existing tenants who are very keen to remain in the 1900s, five-bedroom villa. Insurance is currently in place and all EQC work has been completed.
Given the close proximity to Addington Village and the central city your investment will be protected, no matter what direction you take.
While we can't tell what the future holds, we do know that control and opportunity of this property now lies in your hands. Presenting all offers on the 25 of March at 1pm (unless sold prior).
Please copy and paste this website address into your internet browser to download the property files: http://www.propertyfiles.co.nz/property/Poulson