Listing #:1787776480

RESOURCE CONSENT 52 APARTMENTS, 6 RETAIL + INCOME

Location: 59-87 Station Road, Otahuhu, Auckland City, Auckland
Property use: Developmen­t site
Floor area: 1,423m2
Land area: 1942m2
Rateable value (RV): $4,950,000
Price: To be sold by tender (closes on 9 Nov)
Fantastic cash cow currently combined with Development opportunity.

* Resource consent for 52 apartments, 6 retail shops, 61 car parks (49 car parks for residents
and 12 car parks for retail)
* Currently reap the rewards income
* Retail and accommodation income streams gross $360,000p.a. (income stream may vary
slightly, owing to minimal vacancy = Lodge)
* 6 shops and warehouse
* 1 x Three-bedroom apartment
* 31 Bedroom Lodge plus a one bedroom apartment for the Manager
* Current RV $4,950,000
* Great location (corner site) within the business hub of Otahuhu and close to arterial routes and public transport (train station very near and buses)

Most development sites do not give you income for Holding cost.

Tender Closes: 9th November 2018 at 4:00pm (unless sold prior)

Call today for full information package.

Agency reference #: CTA32627
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For sale by tender
59-87 Station Road, Otahuhu, Auckland City, Auckland
For sale by tender
Listed: Mon 1 Oct, 3:38 pm
Zarlane Grubisic
Ray White City Apartments (City Realty Limited), (Licensed: REAA 2008)
  • Contact details
  •  (027) 5777477

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Agent's details

Zarlane Grubisic
  •  (027) 5777477
Bernie Grubisic
  •  (022) 6297090
Ray White City Apartments (City Realty Limited), (Licensed: REAA 2008)
(09) 3085555
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Expires: Mon 10 Dec, 5:31 pm
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