An outstanding development and investment opportunity awaits in the sought-after location of Papatoetoe. This property enjoys a prime location, only a short stroll from Papatoetoe Train Station, just 900 metres from Papatoetoe West School, a few minutes’ drive to Old and New Papatoetoe Shopping Centres and Manukau City Centre, and with effortless access to both State Highway 1 and 20.

This is a rare golden opportunity for visionary developers, investors, or land bankers to secure a property that combines a top location with consented development potential. Whether you choose to carry out the approved project immediately or hold for strong capital growth, opportunities like this are few and far between.

Set on a generous 944m² flat freehold land in the Mixed Housing Suburban Zone, this land is fully serviced with supply water, stormwater and wastewater connections and has capacity. There are no overland flow path or flooding issues, making it ideal for future development. The Resource Consent for four standalone houses was approved by the Council valid until September 2030, saving time and cost for the next owner. The EPA approval is also included in the sale at the owner's cost.

The approved plans include 4 stylish and functional family homes. The total gross floor area is 606.7m²

Currently on the land sits a three-bedroom home, has 1 living area, 1 bathroom and a freestanding single garage. The generous courtyard is ideal for kids' play or family BBQ parties. It is occupied by tenants on a periodic tenancy, providing immediate holding income. The rental appraisal is $670 to $690 per week currently. It is perfect for the astute investors to acquire future capital growth.

Whether you're looking to develop, invest or live in it yourself, this affordable property represents a truly wise and valuable choice.

For further details or to arrange a viewing, please contact Victor on 021 705 648.