Rarely does a development opportunity of this scale become available in one of Wellington's most established residential suburbs.

Offered to the market by Mortgagee Sale, this exceptional offering comprises two freehold titles with a combined land area of 3.8616 hectares more or less, presenting a unique opportunity to secure a substantial residential landholding in the heart of Karori.

Positioned within an established neighbourhood, the property provides the scale, location and flexibility to deliver a landmark residential development. Whether your vision is a staged subdivision, an architecturally designed neighbourhood or a long-term investment, the fundamentals are firmly in place for an experienced developer to realise its future potential.

Karori continues to be one of Wellington's most desirable residential destinations. Renowned for its established community, highly regarded schools, village amenities, recreational facilities and expansive green spaces, the suburb consistently attracts families seeking quality homes within easy reach of the CBD. Strong underlying demand, coupled with a limited supply of large-scale development sites, makes opportunities of this nature increasingly scarce.

Key details:

• 1.0613 hectares more or less: 32 Alanbrooke Place, Karori (Record of Title 1185959, Lot 13 Deposited Plan 604745) RV $
• 2.8003 hectares more or less: 71 Cornford Street, Karori (Record of Title WNA2/321, Part Lot 33 Deposited Plan 1022)

There is a significant residential development opportunity here. 29-43 Alanbrooke Place is also available for sale (refer to separate listing) which offers 10 serviced freehold sections, this is also a mortgagee sale and offers a developer to hit the ground running whilst woking through the following stages of your proposed development.

Opportunities to acquire a residential landholding of this scale within Karori are exceptionally rare. For developers seeking their next flagship project, this offering represents a compelling combination of size, location and long-term potential.

Interested parties should undertake their own due diligence in respect of the property. The property will be sold by Tender, closing at 12.00pm on Thursday 6 August, at Collective Hutt Valley, 217 High Street, Lower Hutt.