9b Grassmere Street, Papanui

Attention developers and land bankers - this is your chance to unlock the potential of a derelict property that's ready for transformation. As is where is. Lock, stock and barrel everything you see in the photos is what you get, no warranty as to quantity, quality or volume.

Nestled up a private long driveway located 2 mins walk to Northland shopping mall this overgrown and vacant dwelling is not for the faint-hearted, but for those with a bold vision, the rewards could be enormous.

Currently non-compliant, this property presents a blank canvas ripe for redevelopment. Whether you're a seasoned developer looking for your next project or an ambitious investor seeking a long-term land banking opportunity, this site offers endless possibilities.

• Huge potential for development

• Ideal for those with the foresight to maximize the land's value

• A unique opportunity to create something truly special

• RMD zoned CCC TC2 Land

• RV $590,000

• Land Value $530,000

• Improvements $60,000

• CCC Rates $3,459.64

• Section size 898sq/m (more or less)

• Dwelling size 163 sq/m (more or less)

• 3-bedroom 1x bathroom dwelling

• Single internal garage workshop

• Multiple non-compliant factors on dwelling

• Connected to power and sewerage, stormwater

Bring your architect, your builder, your bulldozer and your imagination - this is your chance to capitalize on a prime location overlooking Shearer Ave reserve.

Enquire today from agent Rod Lewis to be sold by Auction held Raine & Horne office 5th November 2024 12.00pm at Avonhead Mall. Note no open homes, inspection strictly by appointment only, no viewings or access without agent present.

To download the property information pack go to https://vltre.co/tvV4MX

Please be aware that this information has been sourced from third parties. View our property information disclaimer here: raineandhorne.co.nz/property-disclaimer