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Glenfield - Investment Opportunity With "X Factor"

Price: PBN Sold for $718,000
Location: Glenfield, North Shore City
Address: 54 Archers Road
Bedrooms: 5
Bathrooms: 2
Year: 1960s
Lot Size: 840 sq. metres
ID#: 290681
Home And Income With Consent To Subdivide A Rear Section

A freehold 840sqm property with existing legal home and income returning $33,000 per annum. Council approved subdivision will enable the Home & Income to remain on front 446sqm, while a rear lot, north facing, level and private can be developed totalling 394sqm. Buyers will have the choice of being able to sell or build a new home on the rear section once development is completed.
House: Tenanted $365 p.w. 3 bedrooms, 1 bathroom, combined lounge and dining opening onto private covered sun terrace with views over garden and adjacent reserve.
Flat: Tenanted $270 p.w. 2 bedrooms, 1 bathroom, kitchen, lounge/dining with tiled floors. Spacious warm and cosy with level access to sunny rear garden. Both share a garage and on site parking for 2 cars.
Here is a property offering huge potential to all manner of buyers: Investors, extended families, 1st time home owners who with the flat income ($14,000 p.a.) can buy a property they could normally not afford.

View: Saturday & Sunday 11.00 - 11.45am or by appointment
Price: By Negotiation - Registered Valuers Report available for inspection and price guide
Sales People:

Alistair Laurie
09 489 6302 (phone)
0274 922 156 (mobile)
alistair.tippetts@xtra.co.nz (email)
Murray Dyson
+64 9 489 1454 (phone)
021 923 731 (mobile)
m.dyson@woosh.co.nz (email)