Our vendors have held this property for over 50 years and although snapped up last year, the sale fell through so the original buyer's loss can be your gain.
This rare opportunity offers a highly desirable "Business Mixed Use Zone" land holding under the Unitary Plan in the heart of the Double Grammar zone which offers flexibility for residential and/or commercial development. This provides plenty of potential for a new owner to step in and reap the current and future benefits.
Set on a 660m2 (mol) freehold site, there are three units each containing two bedrooms, one bathroom, combined lounge and dining with separate kitchen. The units will be offered with vacant possession and have rental appraisals of $530 - $550 per week.
Explore developing this rare slice of land into townhouses or apartments (subject to Council approval). Or land bank and enjoy the rental income on a medium or longer term basis, to suit your goals.
Location speaks volumes and this centrally located property enjoys a coveted position on the cusp of Cornwall Park and the ASB Showgrounds. Motorway access in all directions is compellingly close with Newmarket's renowned shopping destination and the CBD are both a short drive away.
Opportunities like this do not often come along and our motivated vendors want it sold so contact us for more information now!
