Investors & Developers - Three Incomes on 850m2

  • To be auctioned
  • Listed: Fri 21 Apr, 9:01 pm
  • Watchlist
Listing #: 1308469222
Location: 1, 2, & 3 / 14 Rydal Drive
Mount Wellington
Auckland City
Rooms: 5 bedrooms, 3 bathrooms
Property type: House
Price: To be sold by auction on 17 May
Parking: Carports plus further off street parking
Open home times:
Sun 30 Apr, 1pm - 1:30pm
Good investment opportunities are hard to find in Central Auckland, and Home and Income properties are very rare in our area, but to find three incomes on a full freehold site is truly unique.

Whether you are looking for a high yielding freehold investment or a great piece of land with development potential and a substantial holding income, this one is sure to impress. Sitting proudly elevated on a fantastic site this residential investment block is as solid as they come, and comprises 2 one bedroom units on the lower level, and a large three bedroom on the upper level. Currently fully tenanted and providing a great rental income this is good to go as is, but still provides plenty of potential for further improvements and an increased rental return. The large 850m2 site is zoned mixed housing providing a fantastic platform for future development, and offers astute purchasers options galore.

Outstanding location, with Sylvia Park just up the road along with motorway access north and south, and only minutes from the bustling Ellerslie Village.

Agency reference #: ELL23559
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Recent sales information

  • $1,442,000 – 10 Tide Close, Mount Wellington, Auckland
  • $1,300,000 – 178 Mount Wellington Highway, Mount Wellington, Auckland
  • $1,018,000 – 3 Tide Close, Mount Wellington, Auckland

The average value in Auckland in the last 3 months was $1,045,362. View more recent sales at

Agent's details

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James Begley

Philip Hall

Ray White Ellerslie (GY Group Ltd)
, Licensed Agent (REAA 2008)
(09) 5252600
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Expires: Mon 19 Jun, 11:21 am
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