Enough is enough. This has been on the market with a variety of agents for the last few months and not sold, regretfully the mortgagee has had to step in and move things along. Whatever ideas on value that previously existed are out the door, the mortgagee wants this sold, the last man standing at the auction will own it.
Even a blind man could see that value here is not in the current reality, it's all in the potential.
- Worst house in a good street. (No argument there). - Located in one of the better positions on the street. - ½ share of 1622 m2 zoned suburban in the Unitary Plan. - 4 beds, 2 baths, 2 living, 2 car garage. - Water views over the Manukau Harbour.
Up until very recently the home had been rented out generating $700.00 per week. So we have a precedent on which to base rental income should you wish to cover overhead while working through the best way of skinning this particular real estate cat.
As I stated at the beginning of this text the property is being sold by auction. Now that will take place on the 29th of January in the auction room at the Harcourts office at 95 Manukau Rd, Epsom. The time of the auction will be 6.00pm, don't be late.
Wednesday 29 Jan 6:00 p.m. (Harcourts - Greenlane)