15 Ballarat Street Ellerslie, Auckland City

Contact Agents for Viewing Times

A rare parcel of flat land comprising a block of five, offers a myriad of opportunities for investors and developers. Zoned Mixed Housing Suburban and located in a flourishing and desirable residential community close to shops, schools, parks and great transport options, this is a property that invites consideration from future-proofing visionaries.

Back in the 1960s when this 1588sqm property was developed, the Southern Motorway was being constructed which today adds commuting convenience to the many other assets living in the flourishing suburb of Ellerslie affords. Currently a multi-unit site of three two-bedroom and two one-bedroom units on one title, the opportunities here cannot be overstated.

There's potential council approved scope within the District Plan zoning of Mixed Housing Suburban to add further dwellings at the rear of the property so talk to your surveyor, architect, engineer and accountant and shine a light on the many possibilities this fantastic property presents.

Yielding a steady income for many years, an up-to-date rental appraisal report for these units is available for you to crunch the numbers.

The surrounding neighbourhood is a desirable residential community comprising easy access to a range of shopping destinations on Lunn Avenue and beyond to Sylvia Park. Rail and bus links are on hand for the city commute and the Ellerslie town centre has a good selection of cafes and amenities. A number of nearby recreation areas in the shape of Michaels Avenue Reserve, Ellerslie Racecourse and Waiatarua Reserve, not to mention Remuera Golf Course add to the attractions of the location.

With so many prospects and possibilities, developers, investors and those with a vision for the future in this desirable city fringe location are well advised to make this property a priority to view.

Set Date of Sale: Closes 4:00pm Friday 12th July 2019

For more information, call John & Jane on 0800 WANT SOLD (0800 926 876)