Helland Drive, Bombay, Auckland Region

• First time on the market in 27 years and now seriously for sale
• 16–20 bedroom student accommodation, plus a separate manager's cottage
• Situated in a high growth area with major projects under construction
• Set on 2.4ha (more or less) of private park-like grounds in a prime location

Formally an electrical apprentice training centre, this property features modest student accommodation, a spacious dining area, open-plan indoor recreational space and a purpose-built training area, creating a one-stop shop. The fully functional commercial kitchen is ready to cater for large groups of people, all this set on the most picturesque private park-like grounds you will ever see.

This is an exceptional and unique opportunity for owner-occupiers who can utilise the existing infrastructure. Investors can benefit from the government’s $1.2 billion investment in roading and rail. Land bankers are finding properties like this, in prime locations, are getting harder and harder to find. For developers, there is possible subdivision and add-value investors can generate substantial income from the property by leasing it out.

With appropriate approvals, this would make an ideal backpacker accommodation, rehab centre, religious centre, rest home and a host of other business and recreational purposes. This property will sell well below replacement cost so don’t delay, this is a must-inspect.