Positioned in the sought-after suburb of Maeroa, this is a rare and compelling opportunity for property developers looking to secure a substantial landholding with real potential.
We are presenting three properties to be sold together:
- 25 Carey Street - 4-bedroom home
- 23 Carey Street - Fully renovated 3-bedroom home set at the rear
- 23B Carey Street - 3-bedroom home positioned at the road front
Combined, these three properties offer a total land area of approximately 1,897m², more or less - a significant footprint in an increasingly popular and tightly held location.
The development breakdown includes:
- A freehold site of approximately 908m², and
- A cross-lease configuration across two properties totaling approximately 989m²,
bringing the full combined land area to 1,897m² (more or less).
From a planning perspective, the properties are situated in a non-waste constrained area, offering greater flexibility and fewer limitations when considering development options. The land also benefits from favourable contour and elevated aspects, providing the potential for attractive outlooks - an increasingly important factor for modern buyers.
Location is a key strength here. This pocket of Maeroa is consistently popular thanks to its proximity to:
- Well-regarded schools
- Local amenities including the well-known Sugar Bowl Café
- Recreational facilities such as a BMX track and netball courts
- Convenient public transport links
- And easy access to the wider city
Another major advantage for developers is the holding income potential. The three existing homes can be rented during the consent and planning phase, helping offset costs while you bring your vision to life.
Maeroa continues to attract strong demand from first-home buyers, families, and investors alike, making it an ideal location for a well-considered development project.
For forward-thinking developers and investors, this also presents an excellent portfolio addition - a strategic land bank in a proven growth area, offering flexibility for future development when the timing is right.
Opportunities of this scale and location are becoming increasingly scarce. Sites like this don't wait around. Secure your position and act quickly.
Call Brad Jefferson today on 027 299 8662 to discuss how you can make this opportunity yours
