Forrest Hill - Rare as it is lucrative

Description

Tender: Closes on Wednesday 22 May 2024 at 2:00PM (unless sold prior)

Golden Opportunity: Multi-Property flexible development site opportunity where you can purchase 2 or more on Sunnynook Rd, Forrest Hill

Welcome to an exceptional development or investment opportunity that's as rare as it is lucrative. Nestled on Sunnynook Road in Forrest Hill. House's 103, 105, 107, 109, 111 and 113 boast six freehold titles – a truly remarkable find in this high-demand area. Each title offers a rectangular, flat site spanning 612 square meters, nearly 3,700 square meters combined (more or less). With Terraced Housing and Apartment Zoning in place, the potential for development here is boundless, stretching from one end of the property to the other.

Imagine the possibilities that come with this expansive canvas. Picture a vibrant community of modern terraced homes or a collection of contemporary apartments, all designed to complement the surrounding area. The current owner has already taken steps towards unlocking this potential by starting the process for resource consent for 12 townhouses on three of the lots, and a 6 story apartment block on the remaining. Now the resource consent is on hold it provides a glimpse into the immense opportunities awaiting you.

This exceptional location offers unbeatable convenience, situated directly opposite the bustling Sunnynook shopping centre and only a few minutes walk to the Sunnynook bus station and 15 minutes by bus to Auckland CBD. Additionally, it falls within the coveted in-zone for both Westlake Girls' and Boys' High Schools, including Wairau Intermediate on its immediate back door making it an ideal location for families seeking quality education. With everything at your doorstep, convenience meets opportunity in this prime location.

But the benefits don't end there. The existing properties are currently tenanted, ensuring a steady income stream while you plan your next move. This allows you to generate income from day one, providing financial stability as you embark on your development journey.

Don't let this golden opportunity slip away! Whether you're an investor looking to capitalize on the potential of this prime location or a developer with a vision for the future, this multi-property development site on Sunnynook Rd, Forrest Hill, is tailor-made for you. Secure your future and start generating income today with this exceptional investment opportunity.

All homes are currently rented with all sitting tenants totalling $3,815.00 p/w making this an easy opportunity while you are making plans and for development.