1-4/15 Panama Road, Mount Wellington, – Home For Sale • Ray White New Zealand

1,115m²

383m²

Unit

Price withheld

Agents
- Charlotte Lyons
  (021) 2245554
  Licensee Salesperson
- John Q
  021 0278 2708
  Principal
Ray White Parnell: JQ Real Estate Limited Licensed (REAA 2008)

272 Parnell Road, Parnell Auckland City 1052

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Deceased Estate - 4 Units Returning $124,020 p.a

Currently returning approx. $2,385 per week ($124,020 p.a.), all units are Healthy Homes compliant, providing strong holding income while future options are explored.

Zoned Terrace Housing and Apartment Building (THAB), this site offers outstanding potential for multi-level development (subject to Council approval).

Comprising four individual titles, well-maintained two-bedroom units, one an expansive 120m2 the property sits on a generous 1,115m2 (more or less) freehold site.

Key Highlights:
- Total land (1115m2) and floor areas are (384m2) combined

- THAB zoning - ideal for development

- Four x 2-bedroom units, 3 x 88m2 and 1 x 119m2 (approx.) - All with their own Garage!

- Solid rental return, all under a periodic tenancy

- Close to transport, schools, and retail

With figures that speak for themselves, this impeccably cared-for investment delivers strong returns, steady income, and excellent tenancy. Opportunities of this calibre, combining quality, scale, and long-term potential, are rarely available.

All Conjuncting agents welcome.

Explore the area

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School catchments

Panama Road School Full primary Years 1-8 State 0.86km
Otahuhu Intermediate Intermediate Years 7-8 State 1.1km
Pacific Advance Secondary School Secondary Years 9-15 State 1.6km
Sylvia Park School Full primary Years 1-8 State 1.7km
Otahuhu School Primary Years 1-6 State 1.8km
McAuley High School Secondary Years 9-15 State integrated 1.9km
St Joseph's School (Otahuhu) Full primary Years 1-8 State integrated 2.0km
Riverina School Primary Years 1-6 State 2.2km
Anchorage Park School Primary Years 1-6 State 2.2km
Fairburn School Primary Years 1-6 State 2.3km
Bailey Road School Full primary Years 1-8 State 2.6km
Edgewater College Secondary Years 9-15 State 2.8km
Wymondley Road School Primary Years 1-6 State 2.8km
Otahuhu College Secondary Years 9-15 State 2.9km
Panmure District School Full primary Years 1-8 State 2.9km
St Patrick's School (Panmure) Full primary Years 1-8 State integrated 3.0km
Atea College Composite Years 1-15 Private 3.1km
Pakuranga Intermediate Intermediate Years 7-8 State 3.2km
Auckland Montessori College Secondary Years 7-15 Private 3.3km
Panmure Bridge School Full primary Years 1-8 State 3.3km
Saint Kentigern College Secondary Years 7-15 Private 3.4km
King's College Secondary Years 9-15 Private 3.6km
Sir Edmund Hillary Collegiate Senior School Secondary Years 9-15 State 3.8km
De La Salle College Secondary Years 7-15 State integrated 4.2km
One Tree Hill College Secondary Years 9-15 State 4.3km
Michael Park School Composite Years 1-15 State integrated 4.6km
Southern Cross Campus Composite Years 1-15 State 4.8km
Te Kura Māori o Ngā Tapuwae Composite Years 1-15 State 4.9km
OneSchool Global - New Zealand Composite Years 1-15 Private 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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