Tender: Closes on Wednesday 19 August 2026 at 3:00PM (unless sold prior)

Here's your chance to secure a standout investment in the heart of Henderson. Offering 118 & 120 Rathgar Road—two adjoining freehold properties with a combined land area of approximately 1,621m² more or less. Available to purchase individually or together, this rare offering provides exceptional flexibility, income potential, and future development opportunities.

Ideally positioned in a rapidly growing location, the properties are within walking distance of bus and train services, six schools, and just minutes from Pak'n'Save, Mitre 10 Mega, WestCity Shopping Centre, and Henderson's extensive retail and lifestyle amenities.

Whether you're an investor seeking reliable holding income, a developer looking to capitalise on future growth, or an owner-occupier searching for a strategic acquisition, this opportunity offers outstanding potential.

Why You'll Love It

• Two adjoining freehold properties on approximately 1,621m² more or less of combined land.
• Available individually or as a combined package.
• Excellent land-banking opportunity with future development potential (subject to council approval).
• Convenient access to transport, schools, shopping, and local amenities.
• Existing improvements provide immediate holding income while future plans are explored.

At a Glance: Property Highlights

118 Rathgar Road

• Land Area: 809m² more or less.
• Spacious bedroom plus versatile study (ideal as a second bedroom).
• Open-plan living and dining; well-appointed bathroom.
• Freestanding single garage.
• Development Ready: Resource consent granted for seven two-level townhouses —building consent and EPA underway.

120 Rathgar Road

• 18-room rest home facility.
• Capacity for up to 18 residents.
• Approximately 325m² more or less total floor area.
• 812m² more or less freehold corner site.
• For sale as a Freehold Going Concern (land, buildings, and business).
• Leased to a commercial elderly care operator, providing established rental income.

A Rare Opportunity.

Properties of this scale, flexibility, and potential are seldom available. Buy one or secure both to maximise the possibilities — hold for long-term capital growth, generate immediate income, or unlock future development potential.

Surrounded by ongoing investment and redevelopment, these properties are perfectly positioned to benefit from Henderson's continued growth and transformation.

Opportunities like this are rare. Contact us today to arrange a viewing or request further information.