61-63 Lingarth Street

About this property

Two adjoining titles in the heart of Remuera come to the market together, having been held by the same owner for more than three decades. A combined holding like this, this high on the northern slopes, rarely comes up at all, and almost never as a pair. The site sits up on the ridge with a north-west aspect and an open outlook to the north, with a glimpse of water in the distance and afternoon and evening sun across the section. The elevation is the part people look for here and seldom find on a section of this size. Across the two titles the land totals 746 square metres with a combined road frontage of more than 23 metres, zoned Mixed Housing Suburban. The frontage is the useful part: it gives real flexibility for access and layout, whichever way you choose to go. Bowl the existing duplex and build a single substantial home on the elevated site. Develop multiple dwellings and make use of the zoning, subject to council consent. Or hold it as it stands: the existing 1940s brick-and-tile duplex is well-presented and original in character, and compliant with the Healthy Homes Standards, so it carries on as an easy rental returning around $40,000 a year while consents are prepared or you wait for the right time to build. The setting does a good deal of the work. The homes immediately around it are substantial, which sets the context for whatever you build and underpins the position. You are a short walk from Victoria Avenue School and inside the double grammar zone, Auckland Grammar and Epsom Girls'. Orakei Bay Village, the train station, and the walking tracks around Orakei Basin are all close, along with Martin Wilson Field and the Hobson Bay Walkway, while Waiata Reserve runs through to Remuera Village. Key Features & Benefits: • Two adjoining titles offered together • 745sqm combined (386sqm + 359sqm) • Combined road frontage of more than 23 metres • Mixed Housing Suburban Zone • Ridge position, north-west aspect, elevated outlook to the north with a glimpse of water • Existing 1940s brick-and-tile duplex, well-presented and original in character, Healthy Homes compliant, currently returning approximately $40,000 per annum • Three genuine paths: build, develop (subject to council consent), or hold for income • Double grammar zone: Auckland Grammar and Epsom Girls' • Walk to Victoria Avenue School, Orakei Bay Village, the train station, Orakei Basin tracks, Hobson Bay Walkway, and Waiata Reserve through to Remuera Village • Offered for the first time in over 30 years

Property features