Inspection Sat 7 Nov, 2:00pm

23 Olive Crescent,
Papatoetoe, Manukau City

4 bedrooms
2 bathrooms
1 car space
1,069m² land size
102m² building size
House

Asking Price $1,099,000


Property details

Chattels

  • Rangehood
  • Extractor Fan
  • Light Fittings
  • Floor Covers
  • Blinds

1,000m2+ Land & RC

Calling builders, developers and astute investors - an exciting development opportunity awaits at 23 Olive Crescent, Papatoetoe.

With Resource Consent approved for five new dwellings, this substantial development opportunity provides the next owner with a clear pathway to progress the project.

APPROVED DEVELOPMENT - 5 NEW HOMES

The approved plan provides:

Lot 1: 3-bedroom dwelling
Lot 2: 3-bedroom dwelling
Lot 3: 3-bedroom dwelling
Lot 4: 3-bedroom dwelling
Lot 5: 4-bedroom standalone dwelling

The development offers a combination of four 3-bedroom homes and one larger 4-bedroom standalone home, providing a diverse mix designed to appeal to the family and investment market.

With a handy holding income from the existing four bedroom house and sleepout, you can sit tight with your next project locked in, or amend the plans to your personal touch.

WHY THIS OPPORTUNITY STANDS OUT
• Existing 4-bedroom house with an additional 3 utility rooms
• Resource Consent approved for five dwellings
• Consent documentation available for inspection
• Four 3-bedroom homes plus one 4-bedroom standalone home
• Excellent opportunity for builders and developers to bring the approved scheme to life
• Potential to add value through construction and development
• Scope for an experienced developer to investigate staging and construction options, subject to consent requirements
• Established Papatoetoe location surrounded by existing residential development

Positioned in a well-established Papatoetoe neighbourhood, 23 Olive Crescent offers easy access to a wide range of amenities, transport links, schools, shopping and recreational facilities.

Contact Tom McCartney (021 856 286 - http://www.tommccartney.co.nz/) for more information and we look forward to seeing you at the open homes.

Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Images have been digitally enhanced and decluttered to showcase the property's potential. No structural alterations have been made.

Inspections


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School catchments

  • Kedgley Intermediate Intermediate Years 7-8 State 1.1km
  • Papatoetoe West School Primary Years 1-6 State 1.3km
  • Papatoetoe South School Primary Years 1-6 State 1.4km
  • Moanaroa School Primary Years 1-6 State 1.7km
  • Papatoetoe North School Primary Years 1-6 State 1.7km

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.


Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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