With many new building consents within the village this property situated at 12 Lex Street offers a very rare opportunity for those with vision and ability to develop further, local council approval and consent will be required. Set on approximately 40 acres there exists the potential to develop multiple residential sections as well as several larger lifestyle blocks. Sea views are important and this block offers that and more with amazing unrestricted views to the South, East and North West. There are two existing dwellings on the property, a smaller one bedroom home and a larger three bedroom home connected by a sweeping veranda. Both properties have sea views and come complete with extra large garaging for three vehicles and off street parking for many more. Excellent out sheds to include hut, three stand woolshed, implement shed plus workshop and three bay shed. The property also boasts two ponds, one adjacent to the dwellings and another further up the hill which would become part of a lifestyle block during subdivision. Located close to popular beaches and cafes this is potentially a multiple unit block that offers relatively flat land, ideal for residential sections, again local council consent and approval will be required, to gently rolling to steep lifestyle sections. A rare offering in this popular seaside Southland town. It's just a short 5 minute drive to the village centre and a 30 minute drive to the main city in Southland, Invercargill.
Purchase and land bank for the future.
Start the development process immediately.
Live in the main dwelling and Air B&B the smaller dwelling.
It's a rare opportunity and given the local growth and popularity for Riverton this is for one who has a speculative eye to the future.

Auction: Harcourts Auction Room, 182 Dee Street, Invercargill Thursday 2 July 2026 at 12.30pm (No Prior Sale)

Please note: Land and Floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e Regional/City councils, Propertysmarts/REINZ/Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.