Rarely does such a considerable proposition come to the market. Still considered Auckland's most renowned and prestigious address, this Paritai Drive location is further enhanced by the massive potential this property and site holds, as well as the current earning capability resulting in your profit. Ideal for investors, the property boasts five complete residences configured as four one bedroom 1960's apartments and a 2002 four bedroom family residence that holds the added bonus of a separate living area for Granny.

This family home enjoys privacy with the clever configuration of the outdoor living, and the aspect that allows it to be drenched in sun. If you are searching for a blue chip property to enhance your cash flow then this also can claim dress circle position with spectacular outlook over Hobson Bay towards the gleaming lights of the city. Imagine the possibilities and explore your options under the new unitary plan to fully take advantage of this sublime land holding - one of the largest in the street. With all of the dwellings happily tenanted, your earning potential is virtually immediate. Serviced by 10 carports, and a double garage, and more off-street parking, the lucky tenants and residents have simple access to transport options that fly with ease directly to the CBD, a short distance away. There are also the delights of the Bays area at your fingertips, with beaches, shops and cafes all within reach. Certainly a once in a lifetime prospect, you cannot afford to miss this colossal opportunity and we recommend you view and start your planning as soon as possible - prestige, potential and profit await the next owner. Gross rental income approx. $180,000 per annum.

Please call Robert Ashton from Bayleys Real Estate Remuera on 021 633 398, or Mike Zelcer from Ray White Orakei on 021 934 240 to arrange a viewing or with any enquiries regarding this property.

Auction: 10am, Thursday 17th November 2016 (unless sold prior). In Rooms at Bayleys Remuera - 50 Remuera Road, Remuera