Wellington Street, Freemans Bay, Auckland

Premium location and a lucrative asset for profit generation. 
Look around and you will be surprised to find that there are not many properties on the market that offer so much potential for growth, an excellent and consistent cash flow returns, and achieving the goals you're aiming for retirement. 
This backpacker style accommodation sitting on 546 square metres of freehold land (more or less), is clean and comfortable, with a scope to redecorate, and maximise the returns. 
Configured in a range of single and double rooms, with current room rates varying at $380-$450 per week, plus guest amenities at the property, which include a semi-commercial grade kitchen, three toilet/bathroom suites, a communal lounge, and a large private back lawn.
The land is zoned Residential - Terrace Housing and Apartment Buildings under the Auckland Unitary Plan, which provides for the greatest density, height and scale of development of all the residential zones, subject to council approval. 

In terms of location, you're mere steps away from Ponsonby's renowned restaurants, wine bars, beer gardens, boutique shops, and grocery stores, and in close proximity to motorway access,  public transport and the city centre.

Remember, our sellers are committed somewhere else, and they're passing this amazing opportunity to the new lucky buyer with a vision for the future. Their instructions are clear -this property  must be sold, present all offers. 

Seize the moment while it's hot- Opportunities and locations do not come any better than this!