Prime Investment & Development Opportunity Otahuhu
Located in the vibrant heart of Otahuhu, this exceptional property presents a rare opportunity to secure a versatile investment with immense future potential.
Set on a generous 697sqm (more or less) freehold section, the property features a two-bedroom, one-bathroom home with separate dining and a spacious living area While the dwelling is in dated condition and in need of renovation ( Its selling as is where is basis), the true value lies in the land and its strategic zoning. Positioned within the Terrace Housing and Apartment Building Zone, and surrounded by commercial activity, this site offers exciting possibilities for residential intensification or potential commercial use (subject to council approval).
Key Highlights:
Zoned THAB (Terrace Housing and Apartment Building Zone)
Surrounded by commercial businesses - explore potential mixed-use options (subject to council consent)
Generous 697sqm section - ideal for redevelopment or land banking
Strong location - just minutes from Otahuhu Shopping Centre, motorway access, public transport, and train station
Flexible usage - retain the current home, add value, or redevelop entirely.
Surrounded by commercial activity, the site also holds potential for business use (subject to council approval), making it an ideal option for developers, investors, or those seeking to unlock commercial value in a central, well-connected location.
High motivation to sell - owners moving after 28 years of ownership, no Plan B
Auction Thursday 26th June at 5:30 pm ( Unless Sold Prior) at Harcourts Otahuhu Office 507 Great South Rd Otahuhu.
Disclaimer - This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.