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Warkworth, Auckland
ID# CTA22114

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 1 bedrooms 1 garages 1 shower
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Warkworth Town Centre Investment with Upside

7 Existing Flats and Re-development Opportunity.
1 bedroom units each on own title with consent application for 2 further units.
These low maintenance, north facing properties, with car parking and within walking distance to the village, are extremely popular rentals.There is a shortage of these type of units in the area.
Current gross income of approximately $90,000pa, provides an excellent hold and develop scenario.
Consents underway for 2 further 2 bedroom units.
Also scheme to add furthe... Expand

7 Existing Flats and Re-development Opportunity.
1 bedroom units each on own title with consent application for 2 further units.
These low maintenance, north facing properties, with car parking and within walking distance to the village, are extremely popular rentals.There is a shortage of these type of units in the area.
Current gross income of approximately $90,000pa, provides an excellent hold and develop scenario.
Consents underway for 2 further 2 bedroom units.
Also scheme to add further units above.
Total land area 1655m2. Total CVs $1,390,000.
In the heart of Warkworth, a designated growth area under the new District Plan, here is a passive investment opportunity with big upside for added value.
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Tender End Date

add to calendarWednesday, 7 Dec 2011

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Property Details
Bedroom1
Bathroom1
TypeBlock of Units
LandLand Area: 1655 sqm
TitleStrata Title
ParkingOff street car parking with each unit
InteriorHot Water: Electric, Kitchen: Standard, Bathroom/Toilets: Combined Bathrooms/WCs, Stove: Electric, Interior Condition: Good, Floors: Single Storey, Section Contour: Mixed
ExteriorBase: Block, Roof: Iron, Exterior Condition: Very Good, Aspect: Northerly, Westerly, Sewage: City, Water: Town, Levels: Level with road, Amenities: Shops
ChattelsBlinds, Curtains, Light Fittings, Stove

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Virgil Roberts
Ray White Executive Member 2012
Mobile
+64 021 883 193
Phone
+64 (09) 308 5578
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