Marketed by Banson Chong
Auction at 411 Remuera Road, Remuera on 02.07.2025 at 2:00 PM
Marketed by Banson Chong
Here's your chance to secure a strategic landholding in a highly desirable, rapidly developing pocket of Avondale Blockhouse Bay border. Spanning a generous 1,765sqm (Mixed Housing Urban Zone) with both stormwater and wastewater onsite, this property is an exceptional proposition for astute investors and visionary developers alike.
• Currently, the property features nine existing units (7 x studios, 2 x one-bedrooms)
• Producing approximately $180,000 in annual rental income - giving you instant returns from day one.
But the real opportunity lies in the future:
• Option 1: Subdivide the existing units into 9 individual titles and sell down or hold for long-term gains.
• Option 2: Build 8 freestanding homes with double garages - perfect for the growing demand for standalone family residences.
• Option 3: Develop 14 terrace houses with single garages - a popular choice for modern urban living.
• Option 4: Go bold with a comprehensive development of 42 walk-up apartments - maximise yield in this high-growth area.
Location-wise, it's hard to beat. Just moments to Blockhouse Bay Village, LynnMall, top schools, and excellent public transport links, this is an area on the move.
Whether you're looking to bank a solid income stream, unlock significant capital gains, or transform the site into a new residential community, 316 Blockhouse Bay Road offers options to suit every strategy.
The future is here - will you seize it? Contact us today to secure your slice of the Blockhouse Bay story.
Property ID RMU43227
* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.
We currently have no information available on primary schools zoned in this area.
We currently have no information available on intermediate schools zoned in this area.