Ultimate Grey Lynn Location with Huge Potential

This winning property speaks about options galore! There are fabulous schools in zone with Pasadena and Western Springs walking distance from this super central location and Grey Lynn Primary at the top of the hill. The 1940's house built with solid construction, well maintained and with quality tenants in place.

The Mixed Housing Urban zoning (3 storeys up to 11 metres) is conducive towards the construction of terraced housing, a boutique complex or detached dwellings.

It`s perfect for Investors to enjoy the good cash flow from those four rental flats, or a Developer will be able to minimize the holding cost while waiting for the consents.

Features:

*Four self-contained flats return over $100k annual income: 1x3 bedroom and 3x1 bedroom

*1125m2 Mixed Housing Urban zoning with upgraded underground services on site

*Wide road-frontage entrance and sits off the main road no traffic issue

*Easement to Shirley Rd for an extra access potential if needed

*Well maintained and partially renovated

This site is perfectly located close to very popular Auckland Zoo, local cafes and shops. A short stroll to Western Springs. Transport options and motorway access are all nearby - this is a highly central position and so close to the CBD.

The choices are yours so don't delay as this is a very rare opportunity indeed in such a central and sought after location!