Stop scrolling and start building. If you've been looking for a development project that skips the "will they, won't they" drama of the local council, this is your winning ticket.
Located in the heart of Johnsonville, this 1029m2 of near-flat land is a developer's dream. We've done the heavy lifting, the Resource Consent is already secured for 7 modern townhouses, meaning you can bypass the red tape and break ground when you're ready.
THE BONUS: IMMEDIATE HOLDING INCOME
While you finalise your build schedule and contractors, enjoy the security of a steady cash flow.
Currently on-site: A spacious 4-bedroom home.
Current Rent: $650 per week.
This is the ultimate "safety net" to help offset holding costs while you prepare for construction.
THE PROJECT AT A GLANCE:
THE LAND: 1029m2 of premium, near-flat topography (a rare find in Wellington!).
THE CONSENT: Pre-approved for 7 townhouses.
THE LAYOUT: Each unit features 2 bedrooms, the "sweet spot" for first-home buyers and investors.
THE BONUS: All 7 units come with OFF-STREET PARKING, a massive competitive advantage in today's market.
LOCATION, LIFESTYLE, CONVENIENCE:
Stephen Street offers that perfect "walk-to-everything" convenience that buyers crave. You're not just building houses; you're selling a lifestyle connected to:
TRANSPORT: Minutes away from the Johnsonville train station and bus hubs for an easy CBD commute.
AMENITIES: A short stroll to the Johnsonville Shopping Centre, supermarkets, and local cafes.
EDUCATION: Zoned for popular local schools, making these units highly attractive to small families.
WHY THIS IS A WINNING COMBO:
In a market where timing is everything, having a "shovel-ready" project is gold. Whether you're looking to keep your crew busy or want a high-yield investment to add to your portfolio, this Stephen Street site removes the uncertainty and replaces it with a clear path to profit.
The hard work is done. The income is flowing. The vision is set. The only thing missing is you.
Contact us today for a full information pack, including the consented plans and property files.
**Please note that all interior and exterior photos of this property are outdated and do not reflect its current condition. For the most up-to-date visual representation, please refer to the drone images.**
