40 Rose Road, Grey Lynn, Auckland, 1021, New Zealand

Something of a ‘cash cow’, this seven bedroom property comprises two separate dwellings that together provide a potential income in excess of $1,600 per week. With a total floor area of approximately 188sqm (Source: architects plans – not verified), it is insulated top and bottom and has been freshly painted throughout. It is however ripe for redevelopment or further renovation. Situated walking distance to Western and Grey Lynn Parks, Countdown and the cafes and bars on Ponsonby Rd (four minute walk), it has a second dwelling in the backyard. In zone for Richmond Rd Primary, Ponsonby Intermediate and Western Springs College, this opportunity is really about position and potential and will appeal to those with property in their veins and an eye for the future.