For the first time in over 30 years this rare property in one of Auckland ́s most exclusive suburbs is offered to the market. Situated in a quiet cul-de-sac in Mission Bay, this property boasts four large units all on one title. It is not hard to see why this asset has remained in the same family all these years.
Consisting of 2 x 2 Bedroom & 2 x 3 Bedroom units currently occupied by long time tenants that love the premium location. Combined current rent of approx. $62,880 per annum so there is plenty of scope to renovate to a modern standard and command a higher rental return. Zoned for Mixed Housing Suburban there is immense opportunity not only for rental returns but future development of the site.
Please note Open Home viewings are external only and requests to view the interior of the apartments is by appointment only as the property is fully tenanted.
An astute purchaser will recognize that this once in a lifetime opportunity has a wealth of possibilities. Ensure your future today and call us for more information and a full property pack.
Wednesday 29 Nov 1:00 p.m. (18 St Heliers Bay Rd, St Heliers)
Unless Sold Prior
Saturday 25 Nov 2:30 p.m. - 3:00 p.m.
Sunday 26 Nov 2:30 p.m. - 3:00 p.m.
Approx Floor Area: 293 sqm
Land Size: 897 sqm
Property condition: Fair
Property Type: Block of units
House style: Other (Units)
Unit style: Hotel / strata, Number in block: 4, Number of levels: 2