Opportunity knocks for developers
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.