Op­por­tu­nity knocks for de­vel­op­ers

Southern Real Estate Guide - - FRONT PAGE -

Dis­cern­ing buy­ers on Auck­land’s prop­erty mar­ket will be quick to recog­nise the full po­ten­tial of this in­cred­i­bly rare deal in the highly sought af­ter sub­urb of Hill Park.

Af­ter many years, this fam­ily gem at 60 Orams Road is up for sale, pre­sent­ing a hand­some op­por­tu­nity for a savvy in­vestor or de­vel­oper to se­cure a 3957 square me­tre free­hold site, with res­i­den­tial 9A zon­ing and mixed hous­ing sub­ur­ban un­der the Pro­posed Uni­tary Plan.

The cur­rent own­ers have al­ready ex­plored some of the op­tions here, and have had con­cept plans al­ready drafted for the di­vi­sion of six lots, all of which are at least 400 square me­tres in size. How­ever, they would much pre­fer to leave this project in the hands of the right buyer who could turn it into a res­i­den­tial dream.

Through­out their time here, the ven­dors have resided in the prop­erty’s ex­ist­ing four bed­room home which sits snug at the front of the sec­tion. Con­structed from sturdy weath­er­board with spa­cious and sunny liv­ing ar­eas fea­tured in­side and out, there is plenty of value to be added here and even the pos­si­bil­ity for new own­ers to live on­site or rent the ex­ist­ing home while con­struc­tion is un­der­way.

Once com­pleted, it’s pre­dicted the homes will be very com­pat­i­ble with a fam­ily lifestyle with two ac­cess points from Orams Road and Pan­tera Way and a host of won­der­ful fa­cil­i­ties nearby, in­clud­ing de­sir­able schools, shops, mo­tor­ways and the ever pop­u­lar Botan­i­cal Gar­dens.

As with any de­vel­op­ment site of this cal­i­bre, it’s im­per­a­tive that po­ten­tial buy­ers with the in­tent of de­vel­op­ing this land un­dergo the rel­e­vant le­gal re­quire­ments, and en­sure they have done all the tech­ni­cal and spe­cial­ist re­search that may be ma­te­rial to the pur­chase.

With the re­sale value of these homes ex­pected to gen­er­ate a worth­while profit, it’s rec­om­mended that in­ter­ested buy­ers act fast to se­cure this in­vest­ment.

The prop­erty is be­ing mar­keted by Team Love­grove of Pro­fes­sion­als Real Es­tate, Manukau.

It will be sold un­der ten­der, clos­ing Mon­day Septem­ber 5 at 4pm.

View­ing can be ar­ranged by ap­point­ment or check the on­line list­ings for sched­uled open homes.

Phone 555 9135 to find out more or view the prop­erty on­line at www.pro­fes­sion­als.co.nz/ PMK13674.

The four bed­room home at 60 Orams Road is suit­able for a fam­ily and would ben­e­fit from the per­sonal touch of new own­ers.

The site has two ac­cess points from Orams Road and Pan­tera Way.

This all-en­com­pass­ing site has plans drawn up for the di­vi­sion of six lots.

Each new site will be a min­i­mum of 400 square me­tres in size.

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