Grundstück zum Kauf, 29600 m²

Papatoetoe, Ōtara-Papatoetoe

na dotaz

Inseriert 22. Mai 2026

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29600 m²

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Über dieses Inserat

Price: $2.5m + GST (Substantially Below GV) Capital Value: $3,600,000 Land Size: 29,600 m² Floor Area: 186 m² Tenanted - Rental Income: Approx. $1,000 per week Unlock the potential of this remarkable property at 15 Glenmary Place, Papatoetoe. With a large landholding of 29,600 m², a spacious four-bedroom home, and three bathrooms, this property presents an exceptional opportunity for both land banking and build-to-rent development. Key Features: • Large Land Area: The property boasts 29,600 m² (2.96 hectares) of prime land, offering a blank canvas for future development, subdivision, or land banking. • Four Bedrooms & Three Bathrooms: The existing 186 m² home features generous living spaces, perfect for a large family or as a high-demand rental property. • Current Rental Income: Currently tenanted, generating an income of approximately $1,000 per week, making it an excellent investment opportunity from day one. • Development Potential: This underdeveloped parcel offers significant potential for subdivision or the creation of multiple units, subject to council approval. • Motivated Vendor: The vendor is exiting the market and offering this property well below its GV - a fantastic opportunity for savvy investors and developers looking to capitalize on the current market. Location Benefits: • Excellent Accessibility: Situated in Papatoetoe, this property enjoys easy access to transport, local amenities, and major road networks. • Suburb Growth: Papatoetoe is a vibrant and growing suburb located just 20 km south of Auckland CBD, within the Manukau City area. It boasts a strong community, excellent schools, shopping, and public services, making it a highly sought-after location for future residents. This is a rare opportunity to secure a substantial landholding in a well-established suburb with huge development potential. With development concept plans available, this is ideal for investors and developers looking for a prime site in a rapidly growing area. Also available, For Sale: Exceptional Development Opportunity at 110 Station Road, Papatoetoe, Auckland Don't Miss Out - Contact Enoch 021928361 Today! Arrange a viewing or discuss further details about this unique investment opportunity!Show more