Rare Development Opportunity in Kaiteriteri

Positioned in the very heart of Kaiteriteri, this circa 1500 sqm freehold commercial cross-lease site presents an outstanding opportunity for developers and investors in one of New Zealand’s most desirable coastal locations.

Key Highlights:

*Resource Consent approved for 11 apartments, with sea views from the first and second floors *Flat, highly accessible site within easy walking distance to the beach, store, cafes, and restaurants *Practical design incorporating ground-floor parking with residential living above *Two established complementary businesses currently operating on site, providing valuable holding income if development is staged *Location - Kaiteriteri frequently receives international accolades appearing regularly on the world’s best beaches list

Land of this caliber and flexibility in Kaiteriteri is extremely limited, making this a rare chance to secure a site with immediate income and long-term development upside. The area continues to attract strong demand from both permanent residents and holidaymakers, supported by numerous high-end and multi-million-dollar residential builds underway nearby.

Whether you choose to proceed with the existing consent, adapt the plans, or explore an alternative development, this site offers exceptional versatility in a blue-chip coastal setting.

Opportunities like this are seldom available and may not be seen again for decades.

Contact Ged today to obtain further details on this exceptional investment.