Neighbourly Premium Business
Ray White Sandringham
Real Estate Agents
- Listing #:
- SNH32173
- Listed:
- 111 days ago
Asking Price $4,880,000
Location & Potential
5 Oaklands Road, Mount Eden, Auckland CityResidential House
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- 8 Bedrooms
-
- 5 Bathrooms
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- 5 Toilets
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- 3 Covered Car Parks
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- 2 Offstreet Car Parks
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- 360m2 Floor Area
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- 1,115m2 Land Area
About this property
Opportunities like this are rare in Mt Eden. On offer is a substantial 1115m2 (mol) freehold site, superbly positioned just steps from Mt Eden Village. Currently configured as five self-contained flats with long-term tenants, it provides an immediate and attractive income stream while you plan your next move, whether that's development, land banking, or holding for the long term.Property Highlights:
• Flat 1115m2 (mol) freehold site zoned Mixed Housing Suburban - Projected to become Mixed Housing Urban under new zoning changes
• Development potential with subdivision possible (subject to council approval)
• Currently returning $138,580 p.a. across five tenanted flats
• Minutes walk to Mt Eden Village and Maungawhau/Mt Eden
• In zone for Auckland Grammar, Epsom Girls Grammar, Mt Eden Normal School, and Auckland Normal Intermediate
• Excellent public transport and motorway access with easy access to Newmarket & CBD
• Close to the new Maungawhau/Mt Eden City Rail Link station opening in 2026 offering faster, more frequent connections to the CBD and wider Auckland
• Owned within the same family for 50 years this property is tightly held and located in a highly sought-after street
A blue-chip location, strong holding income, and significant potential, this is a must-see for developers, investors, and land bankers alike. With demand for city-fringe land only increasing, and improved transport infrastructure set to boost the area's appeal even further, now is the time to secure a property with both immediate returns and long-term growth prospects.
Contact us today to request an information pack. This rare Mt Eden landholding will not last.
* Please note viewings are from the exterior only as the flats are tenanted.
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