Listing #LH14527 1449 Views
Two Dwellings. 2.48ha. Future Urban
8 Bed
4 Bath
3 Living
3 Car
2.48 ha Land
522 m² Floor
87A Kay Road, Flagstaff
Tender (Unless Sold Prior) - 3rd September, 12:00pm
*VIEWNG BY APPOINTMENT ONLY* - Contact Jay 021 0837 3927 Located in one of Hamilton's most sought after northern growth corridors, this 2.48ha Flagstaff property presents an outstanding opportunity for land bankers and future focused investors.
*VIEWNG BY APPOINTMENT ONLY* - Contact Jay 021 0837 3927
Located in one of Hamilton's most sought after northern growth corridors, this 2.48ha Flagstaff property presents an outstanding opportunity for land bankers and future focused investors. Sitting directly across the road from a fully developed, high end subdivision, the site falls within the Waikato District Council's Future Urban zoning, offering serious long term potential in a rapidly expanding area.
Positioned just minutes from the new Waikato Expressway, the location offers excellent connectivity north toward Auckland and south into the heart of Hamilton. It is zoned for some of the city's top schools, including Te Ao Marama, Horsham Downs School, Rototuna Junior and Senior High Schools, making it a premium family friendly address in a high demand suburb.
Currently, the property hosts two dwellings, generating a strong combined rental return of $1310 per week. The main dwelling is a large Tudor style two storey home with six bedrooms, three bathrooms, spacious living areas, a home office, heat pumps and a flued wood burner. The separately accessed minor dwelling includes two bedrooms, open plan living, a bathroom, and garaging. While both homes are dated, they offer plenty of scope to add value and potentially increase rental returns over time.
A workshop, single garage and carport also sit on site, adding further utility. With future urban zoning, strong holding income, and a location that continues to see high growth and demand, this is a rare and strategic opportunity in Flagstaff you do not want to miss.
Located in one of Hamilton's most sought after northern growth corridors, this 2.48ha Flagstaff property presents an outstanding opportunity for land bankers and future focused investors. Sitting directly across the road from a fully developed, high end subdivision, the site falls within the Waikato District Council's Future Urban zoning, offering serious long term potential in a rapidly expanding area.
Positioned just minutes from the new Waikato Expressway, the location offers excellent connectivity north toward Auckland and south into the heart of Hamilton. It is zoned for some of the city's top schools, including Te Ao Marama, Horsham Downs School, Rototuna Junior and Senior High Schools, making it a premium family friendly address in a high demand suburb.
Currently, the property hosts two dwellings, generating a strong combined rental return of $1310 per week. The main dwelling is a large Tudor style two storey home with six bedrooms, three bathrooms, spacious living areas, a home office, heat pumps and a flued wood burner. The separately accessed minor dwelling includes two bedrooms, open plan living, a bathroom, and garaging. While both homes are dated, they offer plenty of scope to add value and potentially increase rental returns over time.
A workshop, single garage and carport also sit on site, adding further utility. With future urban zoning, strong holding income, and a location that continues to see high growth and demand, this is a rare and strategic opportunity in Flagstaff you do not want to miss.
Property Features
Other Rooms
Workshop
Living Rooms
3
Hot Water
Electric, Gas
Heating
Heat Pump, Open Fire
Insulation
Ceiling
Stove
Electric
Garaging
More than two
Sewage System
Septic Tank
Water
Tank, Town
Map
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