Home & Income or Development Potential?

After nearly 50 years and three generations of beloved family ownership, this enormous legal home and income on a seemingly boundless flat section has finally been put to the market. This home and income comprises a total of seven bedrooms, three bathrooms and three kitchens spread across approximately 330m2 of floor space on 984m2 of flat land. Potential here also to develop: a feasibility study is available to interested parties. Written financials showing income of the current dwelling are also available upon request.View the virtual tour for a complete view of the property.
The main home includes three living areas, three large bedrooms and study. A further two bedrooms and fully self-contained granny flat is on the lower level (perfect for boarders or extended family). ADDITIONAL to this at the front of the property is another fully self-contained, legal two-bedroom unit on its own power and water. Significant upgrades have been carried out over the last three years including two new kitchens, roof, storm water drainage system, insulation and much more.
This home will be of huge appeal to investors or large families looking to offset repayments with solid and proven income. Developers may also be interested due to the 984 sqm of land, location and feasibility of this property. The elevation of this site could give potential for city and harbour views. Ngataringa Road is a sought after and quiet no exit street within walking distance to bus routes. Devonport township and Narrow Neck beach are close by. Large homes in this neighbourhood with a swimming pool, great returns, functional off-street parking, internal garaging, and large backyard are as rare as they come.
Pre-auction offers will be considered. Contact agent Jenny or Maria today for further details or to book a private viewing, no open homes being conducted.

Auction Sunday 12 Dec 1:00 p.m. Online (Unless Sold Prior)

To download property files go to: https://www.harcourtsfiles.co.nz/listings/TADH