132 Allum Street
Kohimarama, Auckland City

Nest or Invest?

The plans are on the drawing board, the land is ready to exploit to the coveted Mixed Housing Urban zone and the location on a desirable street in Kohimarama needs no further promotion. This is a pre-Christmas opportunity that's just ready to go.

The two homes offer immediate rental opportunities and cash flow.
The tidy three-bedroom home at street front has a sunny aspect and open plan living flowing to a deck.
The home at the rear offers 5 bedrooms, multiple living spaces, and options.
Consider sustaining the rental status quo as you progress the project for an interim income.
Plans for the seven-unit development comprise 2 x 3-bedroom units with garaging and street frontage PLUS a further 5 x 2-bedroom units to the rear, flanking allocated parking and a utilities area.

There are MULTIPLE OPTIONS to consider here:
1) Investment hold and enjoy the rental stream.
2) Develop the site and enjoy a significant development margin.
3) Devlopment the site, rent the houses and enjoy an increased rental stream generated from the 7 houses.
4) Live in the front or rear house while renting out the other house and sleepout using the rental stream to pay the mortgage.

The LOCATION is prime - on a top street in zone for St Thomas and St Ignatius Schools and with Eastridge shopping centre a convenient 5 minutes away. Beaches, cafes, eateries, shops and amenities are dotted along the foreshore from Mission Bay, through Kohimarama Beach and St Heliers adding up to an appealing and sought-after community. Close to the city this location is in hot demand with the groundswell of first home buyers - your likely market for the quality townhouses destined to be built here.

For all Chinese enquiries please contact Rae Zhang 021 629 912

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Property Features

Property ID: EPS25227
Land: 809m2
Bedrooms: 10
Bathrooms: 5
Listed By:Black Group Realty Limited Licensed (REAA 2008) Licensed (REAA 2008)


  • Built-In Wardrobes
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Garden
Richard Thode, Licensee Salesperson at Ray White Epsom