Listed: Wed, 2 Jul

Urgent: 1464m² Land Bank Development Opportunity

85 Panama Road, Mount Wellington, Auckland City, Auckland

To be sold by auction on 30 Jul, 10:00 am

3 Beds
1 Bath
1 Living area
1464m² Land

Other Features

1 Separate toilet
1 Garage parking

Attribute	Value
Property type	House
Agency reference	915804
Broadband in the area	Fibre, Wireless

Auction: 34 Shortland Street, City on Wednesday 30 July 2025 at 10:00AM (unless sold prior)

Don't miss this golden chance to maximise your investment. The vendor is determined to sell!

This 1464m² (approx.) freehold property, zoned Terrace and Apartment under the Auckland Unitary Plan, offers an exciting development opportunity in central Auckland. The current resource consent application for 12 new residential dwellings is in the final stage of council approval. Regarding the drainage connection and sewage onsite, the vendor has already paid a $9,000 deposit to Kainga Ora to access stormwater facilities next door, ensuring a smooth development process.

Located in Mt. Wellington, this property provides a metropolitan edge with an established neighborhood, can walk to Sylvia Park, IKEA and all directional motorways. The future potential is undeniable.

Currently on-site is a charming early-century 3-bedroom, 2-bathroom home with a cozy, traditional living design. It also features a multifunctioning detached garage and workshop, making it an ideal rental while you plan your development or keep for land bank.

This is a must-see opportunity for investors seeking high returns. The vendor is motivated to sell. Don't wait - view this property now!