Listing #:4145442
Rare Orakei Opportunity
| Location: | 29 Te Arawa St, Orakei, Auckland City, Auckland |
|---|---|
| Rooms: | 5 bedrooms, 1 bathroom |
| Property type: | House |
| Price: | To be sold by tender (closes on 18 Dec) |
| Parking: | 2 Car Off Street Parking |
| Open home times: |
No times scheduled |
Tender: Closes on Friday 18 December 2015 at 1:30PM (unless sold prior)
29 Te Arawa Street - Calling All Owner Occupiers, Investors & Developers
THIS COULD BE YOUR CHANCE TO PURCHASE LAND AT A PRICE YOU NEVER THOUGHT WAS POSSIBLE
A rare & unique development opportunity in the tightly held premier suburb of Orakei.
This property has plenty of potential and comprises a 954m2 section with street frontage with an existing two level 1940s weatherboard 3 bedroom home. It is adjacent to Te Arawa Reserve Park and has a lovely wide, sunny outlook. The current zoning is Res 6a (1/375m2).
The property is being sold on a Leasehold basis for 150 years. However unlike other ground leases it is being offered with no annual rental payments or review. In other words all you pay is the initial purchase price, then that's it for the entire term of the lease! This will surely be attractive for owner occupiers and/or developers seeking cost certainty.
Two other properties are also being offered to the market on a similar basis.
See: 11 Ngaio Street, Orakei - www.barfoot.co.nz ID # 537823
38 Takitimu Street, Orakei - www.barfoot.co.nz ID # 537826
Investigate this real estate proposition with an enticing twist. Do your homework and determine its value and how it may work for you. Long settlement options available.
Agency reference #: 537829
29 Te Arawa Street - Calling All Owner Occupiers, Investors & Developers
THIS COULD BE YOUR CHANCE TO PURCHASE LAND AT A PRICE YOU NEVER THOUGHT WAS POSSIBLE
A rare & unique development opportunity in the tightly held premier suburb of Orakei.
This property has plenty of potential and comprises a 954m2 section with street frontage with an existing two level 1940s weatherboard 3 bedroom home. It is adjacent to Te Arawa Reserve Park and has a lovely wide, sunny outlook. The current zoning is Res 6a (1/375m2).
The property is being sold on a Leasehold basis for 150 years. However unlike other ground leases it is being offered with no annual rental payments or review. In other words all you pay is the initial purchase price, then that's it for the entire term of the lease! This will surely be attractive for owner occupiers and/or developers seeking cost certainty.
Two other properties are also being offered to the market on a similar basis.
See: 11 Ngaio Street, Orakei - www.barfoot.co.nz ID # 537823
38 Takitimu Street, Orakei - www.barfoot.co.nz ID # 537826
Investigate this real estate proposition with an enticing twist. Do your homework and determine its value and how it may work for you. Long settlement options available.
Agency reference #: 537829
RV
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Rateable value (RV) information
The rateable value (RV) of a property is the value set by councils and local authorities for the purpose of charging rates. We display the most recent RV information we’ve received. The RV is not necessarily representative of the market value of the property.
The rateable value (RV) of a property is the value set by councils and local authorities for the purpose of charging rates. We display the most recent RV information we’ve received. The RV is not necessarily representative of the market value of the property.
While we've done our best to correctly map schools in this location, school zone information may not be exact,
so please double check with the school. Read our Maps in Property help page for further information.
so please double check with the school. Read our Maps in Property help page for further information.
For sale by tender
29 Te Arawa St, Orakei, Auckland City, Auckland
5
1
1
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While we've done our best to correctly list schools in this location, school zone information may not be exact,
so please double check with the school. Read our Maps in Property help page for further information.
Property buyer's checklist
Recent QV.co.nz sales information
- $2,375,000 – 28D Takitimu Street Orakei Auckland - City
- $ – 103/2 Tagalad Road Halswell Auckland - City
- $ – 22 Patteson Avenue Mission Bay Auckland - City
For sale by tender
Listed: Tue 2 Jun, 9:47 am
Alex Baker
test, (Licensed: REAA 2008)
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Contact details
- (027) 4579805
- (09) 5244631
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Agent's details
Alex Baker
test, (Licensed: REAA 2008)
- (027) 4579805
- (09) 5244631
John Stringer
- (021) 758078
- (09) 3631675
Expires: Sun 29 Jun, 12:54 pm
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