Listing #:1634681004

5 Rentals Plus Development Opportunity

Location: 2/144 Kolmar Road, Papatoetoe­, Manukau City, Auckland
Rooms: 3 bedrooms, 2 bathrooms
Property type: House
Floor area: 217m2
Price: Price by negotiatio­n
Parking: 2 car garaging, 1 carports
First time ever - An explosive opportunity to acquire five adjacent properties zoned 'mixed housing suburban' with options to reside-in or keep the tenants while you land-bank and formulate future development plans.



Spread over 4 titles with a combined footprint of 3,200sqm (approx) the package comprises a stand-alone brick & tile bungalow (142 Kolmar Road), a 2 storey townhouse with studio (144a Kolmar Road), 2 separate units single-level weatherboards (1 & 2 144 Kolmar Road), and a 3 bedroom/2 lounge stand-alone at 193 Rangitoto Road.

With a weekly rental yield of $2,520.00 per week, this offering is an immediate income generator for the portfolio with potential (subject to consents) to redevelop with a brand new build.

Close to rail/bus links with walking distance to Hunters Plaza cafes and retail with schools and motorways nearby.

Improve, remove or redevelop - contact Marilyn for further details or arrange a site inspection.

Agency reference #: TTM180505
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Recent QV.co.nz sales information

  • $680,000 – 17D Oakland Avenue, Papatoetoe, Auckland
  • $830,000 – 267 Shirley Road, Papatoetoe, Auckland
  • $850,000 – 141 Great South Road, Papatoetoe, Auckland

The average value in Auckland in the last 3 months was $1,051,687. View more recent sales at QV.co.nz

Price by negotiation
Listed: Wed 16 May, 11:46 am
Marilyn Wassell
Harcourts Titanium (Titanium Real Estate Ltd), Licensed Agent (REAA 2008)
  • Contact details
  •  (021) 741240

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Agent's details

Marilyn Wassell
  •  (021) 741240
Dean Edmonds
  •  (027) 4730179
  •  (09) 2779780
Harcourts Titanium (Titanium Real Estate Ltd), Licensed Agent (REAA 2008)
(09) 2779780
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Expires: Mon 13 Aug, 3:37 pm
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