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ID: BR36NR
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HIGH YIELD INVESTMENT RES 5 DEVELOPMENT


36 Ngapipi Road, Orakei

15 Bed 8 Bath
  Land 1820 M2
 Building 752 M2
AUCTION

Property ID

BR36NR

bedrooms

15

bathrooms

8

other Features

Close to Schools, Close to Shops, Close to Transport, Garden, Secure Parking, Polished Timber Floor

Occupying a prominent and iconic 1,820sqm corner site with elevation that affords powerful views directly across Hobson Bay to the CBD, the photos are no exaggeration.

Rubbing shoulders with Paritai Drive, the property enjoys an extremely wide street frontage and optimum sun from dawn until dusk, a prime vantage point for Auckland's magnificent sunsets and a gateway to the city's illustrious waterfront.

The panoramic views to the CBD across the marina and out to Hobson Bay boat-sheds will always be a talking point.

With only 5 minutes to the central city and a short drive to private schooling, explore the many options available with this unique property and investment opportunity.

- Existing use rights may apply for a multi-unit development under the proposed unitary plan being classed as mixed housing suburban'

- Current Res. 5 zoning allows one dwelling per 500sqm

- At present the 8 residences achieve an annual income of $175,000

- No GST applicable with sale transaction

- The well-constructed residences of brick, weatherboard and tile are made up of:

4 x 2 bedroom

1 x 1 bedroom

2 x 2/3 bedroom

1 x studio

1x site office (to be removed)

(Subject to prospective buyers completing own due diligence)

Dream Builders should bring their architect to the viewing and investors and land bankers are welcome.

Please note: Required notice must be provided to tenants prior to viewing accommodation.

The vendor reserves the right to sell prior to auction.

There is currently no dates for this property.
There is currently no video for this property.
There is currently no floor plans for this property.

Michael's latest industry update

While many people head out of Auckland traditionally for Labour Weekend, we have many key clients flying into town to view luxury property.

20th October 2017

Traditionally business dips during the School holiday period, but despite the quiet roads the past 2 weeks, there was no downturn on viewings, activity and sales.
Hopefully this is a good sign moving forward.

16th October 2017

Despite the slowing of the market, I must confess the luxury market still has a shortage of quality high end stock in the $5m to $10m price range in which our company flourishes.

4th August 2017

The multitude of offshore buyers immigrating to NZ is just staggering and naturally well received.

21st July 2017

Despite the traditional quieting of the market, we have five live offers on the table for multi-million dollar properties. Shy of the asking prices, this is indicative of the current market conditions.

16th July 2017

The continuous blue sky and beautiful weather is bringing more buyers out to view property each day. Property is selling and we are witnessing a lot of offshore buyers moving to Auckland recently.

3rd May 2017

The numbers through open homes remain above average and the quality of real buyers versus spectators is excellent also. We are seeking new listings to provide choice for those that missed out at our up and coming auctions.

3rd April 2017

All focus on Rugby and New Zealand's America's Cup win, the local spirit is high even with this appalling weather!

7th March 2017

With a growing number of buyers on our database seeking quality real estate now is a great time of the year to be selling property.

6th March 2017

The sun is shining and the the buyers are active...4 sales in the past two weeks.

6th December 2016

Spring is in the air, daylight saving starts this weekend, watch the market fly
Michael Boulgaris

20th September 2016

Sunny weekend ahead....lucky selling.

17th August 2016

Take a moment to enjoy the splendid selection of property for sale.
Confidence remains strong in the Auckland market.

Michael Boulgaris

17th May 2016

Wishing your family a very happy Easter weekend
Best wishes
Michael Boulgaris

24th March 2016

We are expecting a very busy weekend, look forward to meeting you at an open home.
Michael

25th September 2015

The days are getting shorter but let me assure you the market is not slowing.
Call Michael Boulgaris for advice on the current real estate climate.

8th April 2015

We are expecting a very busy weekend, look forward to meeting you at an open home.
Michael

27th February 2015

Hello
Please note, Friday 6th February is a Public Holiday in NZ.
Waitangi Day

5th February 2015

Our office is open over the holiday period.
Have a safe holiday and happy house hunting.
Michael Boulgaris

30th December 2014

There are several new listings being featured on our site this week, be sure to browse the new listings, and a big warm welcome to David Ring joining forces with Boulgaris Realty.
Michael Boulgaris

18th November 2014