Milford Beachside - Estate Realisation With Development Potential

Subdividable 999sqm Level Section In One Of Milford's Most Desirable Seaside Streets
In one family's ownership for over 70 years (1944-2015) and now for sale for the very first time!
A unique opportunity to purchase a prime real estate holding 5 minutes from Milford Beach where residents treasure Crete Avenue's quiet environment and close proximity to Milford's shops and mall.
Developers, Property Investors and all other discerning buyers who have a desire to build a super dwelling or 2 luxury homes, then come and inspect one of the most appealing properties to be placed on the market in Milford for the last 15 years.
With almost a quarter acre of level land and road frontage of over 17 metres this is the dream site you never thought you would find, where an original superbly built and lovingly cared for 1950's 3 bedroom bungalow is located at the front of the property. North facing with sun terrace, hallway entry, formal lounge, with kitchen, bathroom and laundry all separate from one another. Immaculate in presentation for its age it is currently rented for $560 per week and is to be sold with its existing tenancy in place.
Current zoning of "4A Residential" allows for one dwelling per 450m2; while under Council's proposed unitary plan it is classified as "Mixed Housing Urban" which if adopted may allow for a higher density of building.
The property is in zone for 4 highly sought after schools: Milford Primary, Takapuna Intermediate, Westlake Boys and Girls.
The potential to further enhance this property's current value is exciting and varied in one of the best locations money can buy.
A settlement of up to 3 months from the date of sale is available to all buyers.