An exceptional land banking and development opportunity in the heart of Stanmore Bay.
Located on the main Whangaparaoa Road, 615 & 617 Whangaparaoa Road are offered together as a prime development site with approved Resource Consent for 30 terraced townhouses, providing certainty and a significant head start for developers and investors.
Key Highlights: Approved RC for 30 Terraced Houses - save time, reduce planning risk, and move straight to construction
Combined land area approx. 3,300m²
Two titles sold together
Main road frontage - excellent accessibility, visibility, and long-term appeal
Holding income approx. $39,000 + GST per annum from existing commercial tenancies
Zoned for future growth with strong residential demand in the Whangaparaoa Peninsula
Why this opportunity stands out:
Time value advantage - RC already in place
Lower land banking cost with holding income
Flexible exit options - land bank, develop, or on-sell with consent uplift
Strong demand for new housing in a tightly held coastal suburb
The market value of this property is driven by its development potential, not current rental return - making it an ideal acquisition for experienced developers or investors seeking future upside.
Contact us NOW for full RC documentation and more details.
