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21 Water Street, Otahuhu, Auckland City

Price by Negotiation

76m²

794m²

Freehold Land of 794m2 in Urban Zone.

Road frontage, flat section situated close to all amenities offering fantastic opportunity for developers looking for easy terms. The property comes with approved Resource Consent for 3 x 5 bedroom, 2 level houses. Developers can look at changing to 5 apartments to maximise return.

The property comes with an existing 3 bedroom house currently rented at $650pw which can be your holding income until you are ready to start construction.

Home owners looking for house with spare land for kids, pets, parking or storage should also look at this property. Generous vendor is willing to assist with vendor finance if needed giving you the opportunity to develop the property and pay later.

If the details given above appeals to you, call us now for more details, inspection of the property and options available for you to secure the property.

Disclaimer: The floor and land area sizes provided have been sourced from Relab, Property Smart, or Auckland Council (LIM) documents. These measurements have not been independently verified by the Salesperson or South Realty Ltd. Additionally, for website functionality, the property may have been filtered into a specific price range. All prospective purchasers are advised to conduct their own due diligence, obtain independent legal and expert advice, and verify all details provided during the property's marketing campaign. This includes but is not limited to, floor and land sizes, boundary lines, underground services, and any relevant scheme plans or consents.

Additional details

Type

House

Property ID

HRE5493

Listed on

10/09/2024

Updated

13/11/2024

Data

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Property data

Broadband available

Floor area

76m²

Land area

794m²

Unitary Plan

Zone 60 Residential - Mixed Housing Urban Zone

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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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