1-5/1 Derwent Street Western Springs, Auckland City

Blocks of units are always in demand and increasingly hard to find. Set on a freehold 835sqm (more or less) site in the Residential - Mixed Housing Suburban Zone, this is a rare opportunity to secure a high-performing investment with strong future potential.

Comprising five one-bedroom units on a single-level layout, the property offers an estimated rental return of $2,160 per week - approximately $112,300 per annum (including water charges). Whether you are looking to invest, landbank, or explore future development potential, this is a property that delivers both location and income.

Property highlights:

• Freehold, flat 835sqm (more or less) site zoned Mixed Housing Suburban
• Five single-level one-bedroom units
• Low-maintenance, easy-care investment
• Strong holding income with future development potential (subject to council approval)
• A compelling option for investors, developers, or long-term land bankers
• New homes in this location are always highly sought after

Positioned in a fantastic central location, you are just minutes from Kingsland and Grey Lynn villages, with their vibrant cafes, popular restaurants, and boutique shopping. Excellent access to motorways, public transport, the city cycle path, and a quick trip to Auckland CBD add even more appeal. Quality schooling options are also nearby, including Western Springs College, Mt Albert Grammar School, Auckland Girls' Grammar School, and Kowhai Intermediate.

Opportunities like this are becoming increasingly rare and continue to attract strong interest.
Call us today for more information.