110 Station Road, Papatoetoe, Auckland City

Price: $4m + GST (Selling Both Properties Together)

Substantially Below Capital Values!

110 Station Road, Papatoetoe

Land Size: 8076 m²

Resource Consent: Granted for subdivision into 3 sections

Capital Value: $1,925,000

15 Glenmary Place, Papatoetoe

Land Size: 29,600 m² (2.96 hectares)

Floor Area: 186 m² (4-bed, 3-bath home)

Current Rent: Approx. $1,000 per week

Capital Value: $3,600,000

Overview:

Seize the opportunity to secure two substantial properties in Papatoetoe, offered together for a great price of $4m + GST. These properties represent an exceptional chance to capitalize on their development potential, with combined land holdings of 37,676 m² (3.7 hectares) in one of Auckland's most sought-after and rapidly developing suburbs.

Key Features:

• Total Land Size: A combined 37,676 m² (3.7 hectares) of prime land, offering huge potential for residential development, subdivision, or land banking.

• Development Potential:

o 110 Station Road has resource consent granted to subdivide into three sections, allowing for immediate development.

o 15 Glenmary Place offers a large parcel of land, currently with a 4-bedroom home, and has significant potential for subdivision or build-to-rent developments.

• Current Income: The property at 15 Glenmary Place is tenanted with a steady income of approximately $1,000 per week.

• Motivated Vendor: The vendor is exiting the market and offering both properties at a substantial discount to their GV, creating an outstanding opportunity for investors and developers.

Location Benefits:

• Both properties are in Papatoetoe, an area known for its excellent accessibility, transport links, and local amenities.

• Proximity to key Auckland destinations:

o Papatoetoe Train Station (1km)

o Westfield Mall & Public Pool/Gym (2.5km)

o Middlemore Hospital & Manukau City Centre (3.8km)

Why Invest?

• High Development Potential: With resource consent already granted for one property and the substantial land area of both, this package is ideal for land bankers, developers, and build-to-rent accommodation operators.

• Strategic Location: Both properties are positioned in a growing and highly accessible suburb with strong demand for residential housing, making it a prime investment.

Don't Miss Out on This Incredible Opportunity!

Secure two prime development properties in the heart of Papatoetoe for $4m + GST. This is your chance to unlock the full potential of these landholdings and create value in one of Auckland's most dynamic areas.

Also available, For Sale: Rare Investment Opportunity at 15 Glenmary Place, Papatoetoe, Auckland

Contact Enoch 021928361 to arrange a viewing or for more details.