21 Gray Avenue

AUCTION DAY SALE - INVEST, DEVELOP OR LANDBANK

**In Room Auction: Tuesday 28th April @ 2pm, held at**

**13/77 St George Street, Old Papatoetoe**

First time on the market in 20 years, this well-located 1950s boarding house presents a rare opportunity for investors, developers or renovators.

Set on a fully fenced section, the property features a 9-bedroom boarding house + a self-contained 1-bedroom unit, offering strong potential for rental income while planning future improvements.

The current owner has successfully held the property as an investment for two decades, and it is now ready for a new owner to renovate, continue as a rental investment, or explore development opportunities.

Adding significant value, the property already has Resource Consent approved for 5 houses, making it an attractive option for developers looking for a project in a convenient location.

**Key Features:**

• 9-bedroom boarding house

• Separate self-contained 1-bedroom unit

• Solid 1950s construction

• First time on the market in 20 years

• Fully fenced property

• Resource Consent approved for 5 houses

• Walking distance to Middlemore Hospital

• Close to train station and local amenities

• Excellent opportunity to renovate, invest, or develop

This is a versatile property with multiple possibilities in a sought-after location.

Contact Avtar Singh on 021 459 664 or email on avtar.singh@professionals.co.nz today for more information.

**CONJUNCTIONAL WELCOME WITH ALL AGENCIES!**

*Disclaimer*: This property is being auctioned, and therefore, a price guide is unavailable. The website might categorize the property into a price range for functional purposes. Prospective buyers are responsible for conducting their own due diligence, seeking legal and expert advice, and verifying information provided during the property's marketing, including floor and land sizes, boundary lines, underground services, and any relevant scheme plans or consents.