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Residential Multi-Unit with Yield and Options

1-32/222 Albany Highway

30

30

30

30


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Marketed by Justin Wu & Sally Wu

Residential Multi-Unit with Yield and Options


1-32/222 Albany Highway

Schnapper Rock, Auckland

Price by Negotiation

Marketed by Justin Wu & Sally Wu

Occupying a north-facing 6197 sqm (Lamb & Associates surveyed) site very close to the Upper Harbour Highway motorway ramps, this residential apartment complex has some attractive options for developers and investors. Concept plans have been drawn up and will be available to buyers who wish to do their due diligence on a total re-development incorporating over 115 apartments to maximise the site coverage and yield.

Zoned Residential Terrace Housing and Apartment Buildings, the existing 32-unit compound is bringing in a gross $850,000 rental (approximately) per annum. The two low rise blocks with attractively sunny aspect flank a sheltered common courtyard and at the highest elevation on the site - a common terrace and in-ground swimming pool on the western boundary. Each apartment has its own deck and has been designed in accordance with the North Shore City Council's Good Design Guide with lower density living and European styling to the interiors. Basement parking, ample on-site carparks, allocated utility spaces, some apartments comprise mixed business zones for added commercial cachet. An attractively landscaped street frontage and situated walking distance to cafes, gym, office precincts, and North Shore Golf Club, this is a property with broad appeal to urban professionals and students.

The pivotal location with Massey University campus and the North Harbour Stadium minutes away, handy to public transport, a range of beautiful northern beaches and Albany's Business Park and sprawling retail mecca nearby, this exceptional development offering is all about location and opportunity. Call Justin Wu to register your interest in this prime development estate.

Property Details

Property ID ORK30044

Category
Multiple Properties
Status
Current
Bedrooms
30
Bathrooms
30
Land
6197 m²


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
Freemans Bay School - 1.0km away
Years 1-6
Co-ed
Wellington Street
09 360 1572


Ponsonby Intermediate - 2.1km away
Years 7-8
Co-ed
50 Clarence Street
09 376 0096


Auckland Girls' Grammar School - 1.3km away
Year 9-15
Girls
Howe Street
09 307 4180


Western Springs College - 4.4km away
Year 9-15
Co-ed
Motions Road
09 815 6730



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Make an Appointment

Send an enquiry about this property to the agent


Justin Wu


Licensee Salesperson

Mobile: 021 042 2068

Phone: (09) 520 6000

Sally Wu


Licensee Salesperson

Mobile: 021 718 890

Phone: (09) 520 6000


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Schnapper Rock, 1-32/222 Albany Highway

1-32/222 Albany Highway


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