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4 Almond Place,
Mount Wellington, Auckland City
NZD 2,060,000
Property details
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Agents
Investment or Development? - You Pick!
Seize this exceptional opportunity in Mt Wellington-a lucrative investment with immediate cash flow and long-term development prospects. This property features 4x modernised 2-bedroom flats, each generating income from the moment you take ownership. With a large, versatile section, the possibilities for future development are abundant.
Large freehold titles in central suburbs like this are a rare find-don't let this opportunity slip away! With a large, versatile section, and Suburban Zoning with a wastewater connection already on site, the possibilities for future development are abundant.
Spanning a generous 1,153 sqm (approx.), this property is a prime candidate for land-banking. Nestled next to a reserve and set back from the road, it offers a peaceful retreat in the highly desirable Mt Wellington area, close to Sylvia Park, public transport, and essential amenities.
The existing block of four 2-bedroom flats is built to last, with solid brick and tile construction. Recently refurbished with new kitchens, bathrooms, and heat pumps in each unit, these flats are low-maintenance and tenant-ready. Ample parking space adds to the appeal.
Currently, the flats are fully tenanted, bringing in a total of $2,200 per week-equating to an annual income of $114,400, providing immediate returns for the savvy investor.
This is a rare and compelling opportunity for astute investors-a well-maintained property with strong immediate returns and significant future development potential. Act fast to secure your interest in this highly sought-after investment.
Large freehold titles in central suburbs like this are a rare find-don't let this opportunity slip away! With a large, versatile section, and Suburban Zoning with a wastewater connection already on site, the possibilities for future development are abundant.
Spanning a generous 1,153 sqm (approx.), this property is a prime candidate for land-banking. Nestled next to a reserve and set back from the road, it offers a peaceful retreat in the highly desirable Mt Wellington area, close to Sylvia Park, public transport, and essential amenities.
The existing block of four 2-bedroom flats is built to last, with solid brick and tile construction. Recently refurbished with new kitchens, bathrooms, and heat pumps in each unit, these flats are low-maintenance and tenant-ready. Ample parking space adds to the appeal.
Currently, the flats are fully tenanted, bringing in a total of $2,200 per week-equating to an annual income of $114,400, providing immediate returns for the savvy investor.
This is a rare and compelling opportunity for astute investors-a well-maintained property with strong immediate returns and significant future development potential. Act fast to secure your interest in this highly sought-after investment.
Explore the area
School catchments
- Stanhope Road School Full primary Years 1-8 State 0.67km
- Panmure District School Full primary Years 1-8 State 0.88km
- Bailey Road School Full primary Years 1-8 State 0.97km
- Sylvia Park School Full primary Years 1-8 State 1.4km
- Stonefields School Full primary Years 1-8 State 1.6km
- Michael Park School Composite Years 1-15 State integrated 1.8km
- Auckland Montessori College Secondary Years 7-15 Private 1.9km
- Atea College Composite Years 1-15 Private 2.0km
- St Patrick's School (Panmure) Full primary Years 1-8 State integrated 2.2km
- One Tree Hill College Secondary Years 9-15 State 2.3km
- Ellerslie School Full primary Years 1-8 State 2.4km
- St Mary's School (Ellerslie) Primary Years 1-6 State integrated 2.7km
- Panmure Bridge School Full primary Years 1-8 State 2.8km
- Ruapotaka School Full primary Years 1-8 State 2.9km
- Riverina School Primary Years 1-6 State 2.9km
- Oranga School Primary Years 1-6 State 3.0km
- Tāmaki School Full primary Years 1-8 State 3.0km
- Saint Kentigern College Secondary Years 7-15 Private 3.9km
- TKKM o Puau Te Moananui-a-Kiwa Composite Years 1-15 State 4.0km
- Tamaki College Secondary Years 9-15 State 4.1km
- Selwyn College Secondary Years 9-15 State 4.4km
- Edgewater College Secondary Years 9-15 State 4.4km
- Pacific Advance Secondary School Secondary Years 9-15 State 4.6km
- Baradene College Secondary Years 7-15 State integrated 4.9km
- McAuley High School Secondary Years 9-15 State integrated 4.9km
- Sacred Heart College (Auckland) Secondary Years 7-15 State integrated 5.1km
- St Cuthbert's College (Epsom) Composite Years 1-15 Private 5.1km
- Sisters United Academy Secondary Years 9-15 Charter 5.1km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Richard Thode
Contact Richard Thode
Richard Thode
4 Almond Place, Mount Wellington 1060
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Richard Thode
4 Almond Place, Mount Wellington 1060