Orewa - Cash Cow + Future Development = Guaranteed Profit

Description

If you're seeking a property with a reasonable asking price, continuous weekly rental returns, and a large plot of land ready for various seaside residential developments, this is your chance. Don't miss out on owning approximately 1,012 (approx) square meters of freehold land in a sought-after location, just a minute's walk from Orewa Beach and 350 meters from the town center. The property includes a two-story, five-bedroom house, with a "Legal Home & Income" setup (separate kitchens on each floor) and long-term tenants.

Zoned for Mixed Housing Urban development and equipped with underground utilities, this property offers unlimited potential for creating townhouses, apartments, or single-family homes with breathtaking sea views. Designer's feasibility plans suggest possible construction of 8 apartment units and three three-bedroom townhouses. With a steady rental income and the flexibility to develop at your leisure, this investment is both secure and promising. Should you decide to sell in the future, the high-density development consents would attract considerable interest from investors and developers.

The area's appeal includes a bustling seaside atmosphere with a blend of tranquility and urban convenience, featuring fine dining, stylish boutiques, top schools, and local paths. Orewa Beach, a recent winner in the New Zealand Herald’s Best Beach Competition 2024, is set for further enhancements, including a new seawall and coastal walkway in 2024.

Act now to seize this thrilling opportunity! We welcome cooperation from other agencies, promising a rewarding experience with our generous and proactive approach.