368 Jesmond Road, Karaka

Auckland, New Zealand

Single Family

8 beds 4 baths

  • Property Details

    MONEY MAKER - FUTURE URBAN LAND DIRECTLY ACROSS THE ROAD FROM THE BREMNER RD SPECIAL HOUSING AREAAlready generating an income from the land, the two homes, the sleep-out and the glass house operation this 6.33 hectare property is a real money maker and financial growth prospect. TheGlasshouse and land have a new 12 month lease in place for $54,000 plus GST p.a. The apartment is currently let at $300/week and the other two dwellings have total rental appraisals of $71,240.00 p.a. This gives a total holding income for the property of $140,840 p.a.The position is excellent - just 2.3km or a 2 minute drive from the Drury motorway on ramp and the rural community of Drury.Auranga housing development in the Bremner Rd Special Housing Area is already under way with plans for land sub-division and provision for 1,000 to 1,500 new homes over 7 to 9 years. Also in the area is the Drury South Project. Located in the Drury basin, this has been designed to accommodate various industrial activities and business opportunities which will facilitate 19,100 jobs across the Auckland (6,900 jobs at Drury South). This land is zoned Future Urban so the writing is well and truly on the wall. This land is mainly flat with some gentle contours with 78.15m of road frontage. According to the Future Urban Land Supply Strategy it is positioned within the first half of decade two (2022-2026). The substantial two storey main home 365m2 with its circular driveway comprises a modern spacious kitchen, large formal dining room and two separate living areas. The master bedroom has an ensuite with spa bath and an extra large walk in wardrobe. A further three bedrooms are serviced by a family bathroom with tiled shower and two toilets. Outdoors there are al fresco relaxation areas and the huge fully covered pool and spa with tiled surrounds offers resort style recreation regardless of the weather. Rental appraisal is $875/925 per week. The comfortable granny flat has a modern kitchen, living and dining area with fireplace and air-conditioning unit, two bedrooms, a bathroom and two toilets. The front veranda is a great spot to relax and gaze across the property. Rental appraisal is $390/$420 per week. There's also a fully secure high stud 3 bay (with roller doors) Workshop / Shed with a toilet, vanity and lean-to. Above is a self-contained modern air conditioned two bedroom apartment, with an open plan kitchen and living area. This is currently rented at $300 per week.The computerised and automated 3100m2 glasshouse has a commercial gas boiler for heating, (supplied via underground pipe from the main road) and is leased to a very reputable operator returning $52,000 per annum plus GST. There is a large shed attached with double garage doors for storage of the glasshouse supplies.The property has shelter belts, wonderful bird life - there are so many more aspects to this fabulous property which offers its new owners the choice of keeping using whichever dwellings they choose and leasing out what they may not need. Occupancy plus income! This is a definite 'must inspect".MAIN HOME:Modern kitchen. Dining room & 2 living areasMaster bedroom with ensuite & spa bath+ 3 bedrooms. Family bathroom + 2 toiletsHuge undercover pool & spa. Tiled surroundsGRANNY FLAT:Kitchen, dining & living. Fireplace Aircon2 bedrooms. Main bathroom & 2 toilets APARTMENT:Modernised kitchen. Living area. Aircon2 bedrooms. Bathroom. Separate toiletGENERAL:2 car bay shed with vanity & toilet. Lean-to Circular driveway/main house. More garages Massive Glasshouse - currently leased
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  • Additional Property Information

    This single family listing located at 368 Jesmond Road, Karaka, Auckland has eight bedrooms and four bathrooms. The property is presently offered at Price Upon Request.

    This property is listed by Scott McElhinney of Barfoot & Thompson based in New Zealand.