5 & 5a Michael Avenue, Dinsdale, Hamilton, Waikato

My vendor has owned these 2-bedroom brick units since I started real estate in the 80s. He enjoys his racehorses, loves his tractor, and going fishing in his boat. He's had enough of being a landlord, now preferring to herd cats. He's made a start freshening and tidying them up. Instructions being, I have better things to do with my time Francine, Somebody else can buy them, finish them off or demolish them. No secret here, there's work to do, a flipper, investor or maybe developer can bowl them and build something else. They are tucked down a ROW off the road on two crosslease titles (1115m2 more or less total land) Scarce as hens teeth in this premium Aberdeen location. Each unit in Fair Condition has open plan living. The kitchens are not flash. Neither are the bathrooms. The laundries are basic. There are no floor coverings. In their present condition they require top to toe attention to finish them off. Maybe live in one yourself, rent out the other, landbank and develop when you are ready. They are being sold " as is where is" with no vendor warranties. Unlimited Potential to demolish and rebuild. Four separate stand-alone dwellings or terrace housing. Subject to council approval of course. Do your due diligence. The Strategic Development Unit says the site is in a non-constrained wastewater catchment. Current on 3 April 2025 and may change with time. Do your homework The Two dwellings being two cross lease properties have a combined net area of about 1000 sq. metres. Check whether you can convert the existing cross-leases to freehold titles. Developers factor in Your costs. A property file is available on request. Do your own due diligence. Be quick with this one, you don't want to wait another 38 years before another one like this comes available. Phone me now for an appointment to view or see me at the open homes