Located in the CBD, this prime 2512m2 site with two street entrances is the opportunity many developers have been waiting for. Zoning laws currently allow for 12 properties to be built (1 per 200m2) but one could also consider a potential commercial development (subject to council approval). Currently there are 17 bedrooms and 5 bathrooms spread over 4 student flats returning $114,140 for 2016.

cutlers.co.nz/3066120

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