BLOCK OF FLATS - CORNER SITE INVESTMENT

• 11 self-contained residential units, each with its own car park

• Positioned on a prime 1,022sqm (more or less) freehold corner site

• Excellent location in double grammar zone, moments from Remuera Village

• Favourable zoning within a PC120 'walkable catchment' provides development upside

• Substantial passive investment with strong cash flow

Looking for a trophy investment opportunity in Remuera? Check out 67 St Vincent Ave – Originally built as the Raceway Motel, it is now configured as 11 fully self-contained residential units. It has a new roof, is a healthy homes-compliant and is fully leased, returning approximately $272,636 per annum.

Situated on a 1,022 sqm freehold corner site in Remuera, one of Auckland’s most sought-after suburbs, known for its tree-lined streets and beautiful homes. It is just a short stroll from Remuera Village, a charming and bustling hub that offers an array of boutique shops, cafes, and restaurants. Additionally, the property boasts the desirable double grammar school zoning.

All of these factors make for an exceptional property that is sure to attract high-quality tenants and deliver a solid return on investment. Blocks of flats of this quality are scarce, especially in such a prime city fringe location.

Whether you are looking to add value, develop, landbank or simply reap the rewards of the current rental income, 67 St Vincent Ave is a rare opportunity not to be missed.