Listed: Wed, 12 Nov

4 Units + THAB Land = Smart Investment Opportunity

1-4/15 Panama Road, Mount Wellington, Auckland City, Auckland

To be sold by auction on 4 Dec, 12:00 pm

6+ Beds
4 Baths
4 Living areas
383m² Floor
1115m² Land

Other Features

4 Garage parking

Attribute	Value
Property type	Unit
Parking	x4 Single Garages and Multiple Off Street Parking.
Agency reference	PNL37447
Broadband in the area	Fibre, ADSL, Satellite, VDSL, Wireless

Currently returning approx. $2,385 per week ($124,020 p.a.), all units are Healthy Homes compliant, providing strong holding income while future options are explored.

Zoned Terrace Housing and Apartment Building (THAB), this site offers outstanding potential for multi-level development (subject to Council approval).

Comprising four individual titles, well-maintained two-bedroom units, one an expansive 120m2 the property sits on a generous 1,115m2 (more or less) freehold site.

Key Highlights:

Total land (1115m2) and floor areas are (384m2) combined
THAB zoning - ideal for development
Four x 2-bedroom units, 3 x 88m2 and 1 x 119m2 (approx.) - All with their own Garage!
Solid rental return, all under a periodic tenancy
Close to transport, schools, and retail

With figures that speak for themselves, this impeccably cared-for investment delivers strong returns, steady income, and excellent tenancy. Opportunities of this calibre, combining quality, scale, and long-term potential, are rarely available.

All Conjuncting agents welcome.