Development Potential With A Capital D!
Proudly held in one family for approx 70 years, this prime piece of coastal Mairangi Bay offers the shrewd developer so many angles for potential development and gains. It is currently configured as the original 1940´s 2 bedroom cottage at the rear and a 1980´s 4 bedroom contemporary home at the front.
The PAUP zoning of Residential Mixed Housing Urban has brought about the full upside of this 1,017sqm site.
Not only do you have the awesome location so close to numerous sought-after primary, intermediate and secondary schools, beaches, parks and sports clubs but also loads of restaurants, cafes and shops of Mairangi Bay village.
Add to that the flexibility of new housing rules and all the options within that, capture lovely urban
and sea views, and you´ll see the upside is immense.
Although each is on its own Title, my vendors prefer to sell both properties as one package. You may want to develop immediately or perhaps land-bank by living in one and renting the other or simply rent both dwellings out long term, comfortable in the knowledge you have secured top-notch real estate.
Combine all this with the serious motivation of my vendors who are relocating out of Auckland and this is a truly enticing proposition.