[SOLD] Development Opportunity

3182 Great North Road, New Lynn, Waitakere, Auckland - PBN

Potentially Zoned as 'Terraced Housing and Apartment Buildings' in the centre of New Lynn, sound exciting? Then this is the property for you!


Highlights:

  • Price: PBN
  • Capital Value: $535,000
  • Rental Status: Tenanted at $400 p/w
  • Rent Appraisal: $425 - $450 p/w
    Written Rental Appraisal available to potential purchasers
  • Annual Rates: $2,252
  • Estate Type: Freehold
  • Floor Area: 80m2
  • Land Area: 809m2

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Additional Information

The home itself is typical of those built in the 1940s, with the interior proudly beaming its original glory of that era. Built from fibre cement and has a tile profiled roof, it consists of a separate kitchen and dining area, separate laundry and 2 large double bedrooms with wardrobes. The lounge is spacious and sunny and with the added warmth the heat pump provides, along with underfloor and ceiling insulation, keeps the entire home feeling comfortable.

The 809m2 section is mostly level with a gentle slope towards the rear, where you find a good crop of vegetables. The property is fenced, and of an easy care nature, being mainly grass and garden. There is a single lock up garage and plenty of off-street parking.

The investment angle on the property is that while current zoning of the property allows for 2 x 400m2 sites, under the proposed Unitary Plan set to be confirmed on the 19th August it would change to THAB (Terraced Housing and Apartment Buildings), meaning this is a site ready to be developed.

A high-level explanation is attached. We have a relationship with a subdivision specialist and can refer interested parties who would like to understand more about what will be possible with this exciting property under the Unitary Plan.

Amenities

Only 10km Southwest of central Auckland.

Approx 1km to the well known LynnMall, plenty of great eateries, mainstream and boutique shops and the New Lynn train stop.

650m to Fruitvale Rd train station. Very close proximity to childcare and local schools and transport.

QV Report 3182 Great North Road New Lynn Auckland.pdf

Rates 3182 Great North Road New Lynn Waitakere.pdf

paupfsterracehousingapartmentbuildings.pdf

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

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Agent Contact Details

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

I used Maxine to buy an apartment while overseas, she was very quick to reply to all my questions. Working with her made the whole process go a lot smoother. She understands the struggles of buying Property while overseas so she helped me out in anyway she could. I would highly recommend her.

Moemen Elbeltagi

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.