MULTIPLE DWELLINGS ON CORNER SITE

Listing Number:  33
Posting Date:  19 June 2007






 
Price:$466,000
Listing:MULTIPLE DWELLINGS ON CORNER SITE
Type:House : Subdivision Potential
Category:Assignment
Bedrooms:5
Bathrooms:2
Region:Auckland
Site Area:936 m2
Address: Login
Building Area: 
Property Image

Description:

* Purchase Price $466,000

* 2 homes on one title (1x3 bed & 1x2bed)

* Subdividable 936m2 site

* Estimated subdivision costs $35-40k

* Small Renovation on front required - $10k spend max

* Estimated Re-sale value $620,000 ($340k & $280k)

* Both properties already fully fenced

* Corner site allows separate access off different streets for each property

* Unconditional Date 8 May 2007

* 9 week settlement period

* Deposit $20,000

* Both Properties fully tenanted at combined $590/week

* Rental Assessment across both properties comes to $610/week