Development Land and Character in One
The property offers a rare inner-city development option to create much needed accommodation in the form of apartments or units, in addition to the stunning existing character house.
The land size in this zoning area is capable of 19 bedrooms under the 'Second Generation' District Plan and the existing dwelling currently holds five bedrooms, allowing another 14 to be developed in the rear yard, subject to the necessary Council consents.
The location is considered a premium by developers looking to benefit from multiple tenant types (student and professionals) or provide inner-city apartments for the heated owner-occupier market.
The price guide for the sale is $1,400,000 and we have outlined suggested development options within our detailed Colliers Information Memorandum, including highest use scenarios for the development of the property and evidence of land sales and apartments for comparison.
•Inner-City Development Land
•Existing Character Dwelling
•Premium Apartment Location
To view a 3D Virtual Tour of the property, click here: https://bit.ly/2Vjlc8k
A full Colliers Information Memorandum and additional property documentation including LIM and Electrical Inspection Report are available on request.
Viewings are by private appointment only with our Brokers.