On a single title with no strata; a rare opportunity to secure a full block of units in the heart of Punchbowl; a great tenanted investment with potential development upside (STCA). First time offered in 27 years. Eight units in total currently generating $215,800 per annum. Ear-marked for rezoning within the Precinct Plan that coincides with the Metro corridor upgrade. This well-maintained property offers multiple income streams, making it an ideal investment for savvy investors.
Property Features:
- Eight units in total; comprising of six, two-bedroom apartments and two, one-bedroom apartments
- Excellent tenanted investment with potential future development upside (STCA)
- Well kept and well proportioned units with generous bedrooms, functional floorplans and bright living areas
- Low-maintenance block with tidy outdoor areas
Situated centrally, moments from Punchbowl train station, local schools, shopping precincts, parks, cafes and restaurants.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 2 | 1 | 83m2 | 2025 02 17 | $442,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | 2024 12 19 | $690,000 | Council approved | |
 | 0.26 km | 3 | 2 | -m2 | 2024 11 13 | $1,000,000 | Council approved | |
 | 0.20 km | 2 | 1 | -m2 | 2024 09 29 | - | Council approved | |
 | 0.27 km | 3 | 2 | 254m2 | 2024 09 19 | $733,000 | Council approved |
