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133, 137 & Luke Street East, Otahuhu, Auckland City

Auction, 20 Nov 2024 13:00

3,539m²

Mega 3,500sqm Land Opportunity!

Auction: 62 Highbrook Drive, East Tamaki on Wednesday 20 November 2024 at 1:00PM (unless sold prior)

Discover an exceptional investment and development prospect at 133, 137, and 137A Luke Street East, offering 3,539sqm of prime level land. This rare opportunity offers huge scope for developers and investors alike, presenting the potential for a mega multi-unit subdivision within the Mixed Housing Suburban zone. With council approval, you could build up to 14-18 dwellings, making this a golden chance to capitalize on the booming demand for housing in this vibrant area.

Conveniently located just minutes from Sylvia Park and bordering the picturesque Tamaki Estuary, this property is ideally positioned for easy access to Auckland's CBD via the Southern Motorway, located only a few hundred meters away. Enjoy the blend of urban convenience and natural beauty, with a dual access driveway enhancing the accessibility of this remarkable site.

The land package consists of three separate titles, featuring two existing dwellings: a charming 3-bedroom weatherboard home at 133, and a classic 80-year-old brick and tile bungalow at 137. Currently tenanted, these homes can provide immediate rental income while you explore your development options. The additional title at 137A as an empty section offers further potential for expansion.

With a backdrop of flourishing developments and a strong community, this is an unparalleled opportunity to secure your future as the owner of this extraordinary landholding. Don’t miss your chance to be part of Otahuhu’s exciting growth story, act now and make this prime property yours!

See this listing on Barfoot & Thompson

Additional details

Type

House

Property ID

901939

Listed on

01/11/2024

Updated

12 hours ago

Auction1

Wed, 20 Nov

01:00PM

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Ōtāhuhu, Auckland City

Otahuhu is a suburb within Auckland’s Territorial Authority. It is one of 269 residential suburbs in the region and ranks as the 43rd largest suburb by total housing stock.

The suburb boasts a rich blend of history and development, with the oldest homes dating back to the 1880s. However, Otahuhu experienced a construction boom in the 1970s, with the majority of its housing built during that period. Approximately 92% of homes in Otahuhu are owner-occupied, while the remaining 8% are investment properties.

Otahuhu is centrally located, providing easy access to the Auckland CBD and Southern Suburbs. The area has several notable amenities, including the Otahuhu Shopping Centre, Sturges Park and the Otahuhu Pool and Leisure Centre. A hub of cultural diversity, accessibility to urban conveniences and employment opportunities, Otahuhu is a bustling suburb with a strong community spirit.

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