Ray White Orakei
Real Estate Agents
- Listing #:
- ORK31880
- Listed:
- 21 days ago
By Negotiation
Secure the land. Collect the income.
75A&B Ngapuhi Road, Remuera, Auckland CityResidential House
-
- 4 Bedrooms
-
- 3 Bathrooms
-
- 2 Car Garages
-
- 1 Covered Car Park
-
- 4 Offstreet Car Parks
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- 267m2 Floor Area
About this property
The Facts - Clear. Clean. Undeniable.- 2/3 share of 1,189m2 (cross-lease, freehold underlying title)
- Combined CV: $2,625,000
- Land Value: $2,175,000
- Total Floor Area: 267m2
- Current Income: $1,310 per week (tenants happy to stay)
- 75B: 2 bedrooms | 2 bathrooms | dual living zones | double internal-access garage
- 75A: 2 bedrooms | 1 bathroom | carport + off-street parking
- Construction: 1995 roughcast
- Ownership: Built and held by the same Italian family since 1995
- Setting: Orakei Basin Estuary at the rear - paddleboard or kayak from your backyard
- Aspect: Steep contour, but with substantial land holding
- Sale Terms: Vendor selling as is, where is
The Opportunity: This Is Where It Gets Interesting!
A rare chance to secure both dwellings under one roofline, sitting on a sizeable landholding in an irreplaceable basin-side position. For investors, this is immediate yield with long-term optionality. For land-bankers and developers, it's a patient acquisition in a location where land, not buildings, does the heavy lifting.
The current configuration works today: two dwellings, multiple living zones, strong rental return and tenants already settled. That means cash flow from day one, not vacant holding costs.
But the real value sits in what comes next - What will you do with the land?
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