Attention all developers & speculators, a prime investment opportunity for an astute buyer to acquire one of the last few large land banks left in Otahuhu with a total land size of 4590m2

102 Princes St has large vacant chocolate factory & two self contained out dwellings - total building/floor area approx 579m2 on a freehold title of 3561m2

19 Albert St has a 3 bedroom house that needs to be demolished on a freehold title of 1029m2

Both properties must be sold together, look at the bonuses & options:

Multiple income streams to support holding costs, currently returning $42,640.00 pa

Vacant large storage facility/warehouse with the possibilities to rent out

4590m2 of flat land with two separate road front entrances

Only minutes from Sylvia Park & all major motorway & train routes

Properties fall within Special Housing Area - Otahuhu Coast Strategic Area & under the Proposed Auckland Unitary Plan (PAUP) zoned for Mixed Housing Suburban where significant development will be taking place over the next few years. One of the key aspects of this legislation is that the PAUP can be regarded operative, meaning you're fast tracked though Council & saving your development on holding costs.

Motivated overseas vendors need these properties sold.

To view both properties drive down driveway at 102 Princes St.

If you would like FREE valuable information on this property including Tender documents, LIM, Title, CV, Rates, guides and more, please visit this link: http://www.propertyfiles.co.nz/property/570645