Block of seven flats

  • Asking price: $3,000,000
  • Listed: Fri 21 Apr, 3:52 pm
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Listing #: 1308242570
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Location: Balmoral road
Balmoral
Auckland City
Auckland
Rooms: 2 bedrooms, 1 bathroom
Property type: Unit
Floor area: 50m2
Land area: 1215m2
Price: Asking price $3,000,000
Property ID#: FGJ418
Parking: Two lock up garages
Smoke alarm: Yes
In the area: St Luke's shopping mall. Hindu temple.
Block of seven x two bedroom units located on Balmoral road within walking distance to St Luke's shopping centre, and close to the Balmoral / Mt Eden border. This Property has been in our family for 27 years , but the owner's advancing years and changing circumstances dictate that it be sold . Concrete block walls, and concrete floors between units, ensures the property is very strong , fire and rot resistant, with low structural maintenance .
ALL UNITS HAVE INDIVIDUAL TITLES ,with one dedicated and numbered 'off road ' car park. Under the current title, two ground floor units are each assigned a secure and spacious ,lock up garage . There are also additional three or four car spaces for visitors , or residents' additional cars.
Excellent profit potential for someone with ability and vision to upgrade and enhance these units inside and out. Currently under rented at $400 per week.
These exceptionally well located units would be ideal for individual owner occupiers , or investors, but will be SOLD AS A BLOCK , not individually.
A price guide of $3,2 million would allow premium for investor to enhance and on-sell as individual units in the current market .
PHONE OWNER : BRIAN 0274994899
email : bandsutton@gmail.com
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