Cash Cow to Develop or Land Bank

After 30 years the owner is cashing up - this property will be sold

Ray White is pleased to bring this Resource Consented development site to the market situated in Papakura.

The site is less than 800m from nearby amenities at Takanini Town Centre and Southgate Shopping Mall, making for a development opportunity in a convenient and desirable location.

The properties return approximately $100k per annum (inc GST) holding income (further tenancy details are available upon request).

These two adjacent titles are flat in contour and regular shape, totalling 2,233 sqm. With Resource Consent approved for 14 units, capitalise on the vendor's investment, shorten your development programme, or utilise the Resource Consent as a permitted baseline for your own revised design.

• 2,233sqm of Freehold Land
• Residential - Mixed Housing Urban Zone
• RC Approved for 14 dwellings
• Holding income circa $100k Set Date of Sale: Thursday 12 March 2026 closing at 2:00pm (unless sold prior)

Inspection by Private Viewing Appointment only. Call Banson (021 163 9939) or Trent (021 989 466) to arrange a viewing today.

Generous Conjunctional terms available to Agents