This property presents a compelling opportunity to unlock value through a range of repositioning, redevelopment and divestment strategies. The asset occupies a substantial 10,333 sq m landholding across multiple titles with exceptional exposure to Main South Road (SH1) and additional frontage to Woodcote Avenue and Camelia Place. 

The existing improvements provide flexibility for purchasers seeking either immediate income, alternative uses or long-term redevelopment potential.

The combination of multiple title configurations, cross-lease units and generous landholding creates optionality that is difficult to replicate. Purchasers may elect to progressively sell down individual titles, retain selected components, or pursue a comprehensive redevelopment of the site, subject to the necessary approvals. The scale of the holding, coupled with its sought-after zoning and triple street frontage, supports a variety of development outcomes and broadens the potential purchaser pool.

The townhouse units offer partially refurbished one and two bedroom accommodation that have potential to be occupied now.

In the interim, the existing improvements may provide holding income or lend themselves to alternative uses, such as worker accommodation, community housing or other accommodation-based uses, allowing investors to generate cashflow while planning future development. With continued demand for well-located development land and value-add opportunities, the property is well positioned to attract developers, investors, owner-occupiers and land bankers alike.

Overall, this is a rare opportunity to acquire a strategically located asset offering multiple options to create value, whether through staged sell-downs, adaptive reuse, redevelopment or long-term land appreciation.

For sale on an ‘as is where is’ basis by Deadline Private Treaty: 4pm, Thursday 3 September 2026 (unless sold prior).

*Boundary lines are indicative only.

Features:

• Rare value-add opportunity with multiple repositioning, redevelopment and divestment options
• Substantial circa 10,333 sq m landholding across multiple titles
• High-profile location with exceptional exposure to Main South Road (SH1)
• Triple street frontage to Main South Road, Woodcote Avenue and Camelia Place
• Flexible title configuration providing multiple exit and development strategies
• Existing improvements suitable to enable holding income or adaptive reuse
• Potential worker accommodation, community housing and other accommodation-based uses
• Zoning supporting a broad range of future development outcomes (MRZ & RS)
• Established surrounding amenity

More information: https://www.colliers.co.nz/p-NZL67041317