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Prestige, Potential and Profit

146 Paritai Drive

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Marketed by Mike Zelcer

Prestige, Potential and Profit


146 Paritai Drive

Orakei, Auckland

Sold - 17.11.2016

Marketed by Mike Zelcer

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

Property Details

Suburb stats

Property ID ORK21264

Category
House
Status
Sold
Bedrooms
9
Bathrooms
7

Features

Interior

Security Alarm

Exterior

Garden

Other

Close To Schools, Close To Shops, Close To Transport


Floor Plan



Local Schools

* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.

Primary
Intermediate
Secondary
Orakei School - 470m away
Years 1-8
Co-ed
Grace Street
09 521 0657


Orakei School - 470m away
Years 1-8
Co-ed
Grace Street
09 521 0657


Baradene College - 1.6km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019


Baradene College - 1.6km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019


Selwyn College - 2.5km away
Year 9-15
Co-ed
Kohimarama Road
09 521 9610



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Make an Appointment

Send an enquiry about this property to the agent


Mike Zelcer


Licensee Salesperson

Mobile: 021 934 240

Phone: (09) 520 6000


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Suburb Stats

Orakei


Median sale price in August 2024

$1,802,500

9% last month
32% same time as
last year

Monthly Trend

Total Sales in August 2024

20% last month
4 sales
43% same time as
last year

Monthly Sales