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North Mount Wellington Quadruple Income Cash Cow

407 Ellerslie-Panmure Highway

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Marketed by Hamish Hargrave & Alice Gu

North Mount Wellington Quadruple Income Cash Cow


407 Ellerslie-Panmure Highway

Mount Wellington, Auckland

Set Date of Sale (Unless Sold Prior) at 13.03.2025 at 5:00 PM

Marketed by Hamish Hargrave & Alice Gu

To be sold for the first time in 70 years! A winning recipe of a large floor area, land area and freehold title. With a total of 10 bedrooms, 4 living areas and 4 bathrooms, this versatile offering represents a risk split for savvy buyers whether it be homeowners, investors, land bankers and developers.

Panmure Train Station and main bus routes are just a stone's throw away. Mount Wellington property has experienced a surge in popularity due to balance between proximity and affordability so be quick to view this wonderful opportunity.

Features: • Elevated 2,175sqm section 440sqm total floor area • Set back from the street • Aluminium joinery throughout • In zone for Stanhope Road School, One Tree Hill College and Baradene College • Combined rental estimate of $2,395 per week • Rental estimate for the main house - $715 per week • Rental estimate for each unit - $560 per week • Superb North Mount Wellington Location • Located near Lunn Avenue, Sylvia Park, and easy motorway access • Super handy address on arterial route • Leafy green/ rural surroundings • Bears its own dedicated sole use private driveway • Views of Mount Wellington • 15 minute walk to Mount Wellington Summit • 15+ freestanding car spaces • Freestanding oversized double garage/ workshop

Buildings include: Main house: • Brick & tile • Four double bedrooms • One bathroom • Double internal garage Three units: • Brick & tile • Two bedrooms • One bathroom • Separate laundry • Single garage per unit

This offering not only presents an excellent cash flow opportunity but also holds great potential for future development. The three independent units provide flexibility for various purposes, making it an enticing prospect for those looking to maximise returns. Motivated vendors who are not testing the market. Call Hamish or Alice for a private viewing today.

Property Details

Property ID RMU42489

Category
House
Status
Current
Bedrooms
10
Bathrooms
4
Garaging
7
Land
2175 m²


Local Schools

* 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.

Primary
Intermediate
Secondary
Stanhope Road School - 470m away
Years 1-8
Co-ed
2 B Harris Road
09 579 6434


Stanhope Road School - 470m away
Years 1-8
Co-ed
2 B Harris Road
09 579 6434


Baradene College - 4.7km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019


One Tree Hill College - 2.8km away
Year 9-15
Co-ed
421 Great South Road
09 579 5049


Baradene College - 4.7km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019



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Make an Appointment

Send an enquiry about this property to the agent


Hamish Hargrave


Licensee Salesperson

Mobile: 021 209 2781

Phone: (09) 520 9100

Alice Gu


Licensee Salesperson

Mobile: 021 088 22550

Phone: (09) 520 9100


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