10 two-bedroom units under one title, 6706m² land, currently rented, invest or develop, 291 Ellerslie Panmure Highway, Mt Wellington, Auckland

The fabulous, rectangular parcel spans approximately 45 meters of road frontage and 125 meters in depth.

• Flat, dry land with a gentle contour and all main services on site.
• Potential for approximately 30 freestanding houses or some 40 plus townhouses (subject to Council and Watercare approval).
• Existing income stream: 10 two-bedroom units under one title, currently rented with rental appraisal of approx ~$250K per annum- a solid holding income while holding or planning.

A true rare find – large, easily developable parcels like this are scarce in central Auckland! A motivated overseas vendor, who has owned this prime asset for over a decade, is now seriously selling!