CV - $1,100,000

This is a unique opportunity to secure a development property in a rapidly growing suburb. With a GV of $1,100,000 and an asking price of $878,000 this property just screams value.

12 Reid Rd is 1189m2 in size, has a road frontage of a whopping 32.5 meters, with fantastic views looking over the Whau estuary.

Currently the property has a tidy home on it which will return $660 per week, it can be purchased tenanted or vacant possession. Concept plans are available for an 8 terrace house development or go the whole hog and build up to 6 or 7 stories! The zoning has a special 22m height limit, so there is potential to build a block of 50+ apartments.

Just a few steps away from the popular Lynn Mall Shopping centre, and restaurant hub The Brickworks, you can’t argue that this is a superb location. Not only that but the New lynn transport hub is just down the road too, so getting around will be an absolute breeze.

Live in, rent out, develop or land bank for the future, this property is surely class A and a real money maker for one lucky buyer, don’t miss out!

Reports for this property provided for purchasers include LIM, Property File, Meth Test, Rental Appraisal, Title–view here: https://www.arizto.co.nz/property-search/A-Real-Money-Maker