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1-32/222 Albany Highway, Schnapper Rock, North Shore City

Price by Negotiation

8,230m²

6,197m²

Residential Multi-Unit with Yield and Options

Occupying a north-facing 6197 sqm (Lamb & Associates surveyed) site very close to the Upper Harbour Highway motorway ramps, this residential apartment complex has some attractive options for developers and investors. Concept plans have been drawn up and will be available to buyers who wish to do their due diligence on a total re-development incorporating over 115 apartments to maximise the site coverage and yield.

Zoned Residential Terrace Housing and Apartment Buildings, the existing 32-unit compound is bringing in a gross $850,000 rental (approximately) per annum. The two low rise blocks with attractively sunny aspect flank a sheltered common courtyard and at the highest elevation on the site - a common terrace and in-ground swimming pool on the western boundary. Each apartment has its own deck and has been designed in accordance with the North Shore City Council's Good Design Guide with lower density living and European styling to the interiors. Basement parking, ample on-site carparks, allocated utility spaces, some apartments comprise mixed business zones for added commercial cachet. An attractively landscaped street frontage and situated walking distance to cafes, gym, office precincts, and North Shore Golf Club, this is a property with broad appeal to urban professionals and students.

The pivotal location with Massey University campus and the North Harbour Stadium minutes away, handy to public transport, a range of beautiful northern beaches and Albany's Business Park and sprawling retail mecca nearby, this exceptional development offering is all about location and opportunity. Call Justin Wu to register your interest in this prime development estate.

Additional details

Type

House

Property ID

ORK30044

Listed on

05/11/2021

Updated

2 days ago

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1-32/222 Albany Highway, Schnapper Rock

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$475,035.60

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Schnapper Rock, North Shore City

Schnapper Rock is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Schnapper Rock is the 132nd largest suburb of Auckland in terms of the total number of residential housing stock. Schnapper Rock provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1920 - 1929. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Schnapper Rock is made up of approximately 93% residential housing , 5% residential investment housing and 2% lifestyle properties.

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