166 State Hwy 26

Newstead Waikato

8633 m²

House

Currently for sale - view listing

Overview

Collect the Rent, Bank the Land

Land bank with an income and explore the possibilities. Positioned on Hamilton's eastern fringe, this freehold holding combines multiple homes with Large Lot Residential zoning, giving investors and buyers with a longer term view a reason to look closely. The 8,633m² site offers scope to investigate subdivision, with a standard minimum net lot size of 2,500m² applying in this area. Buyers can explore how the land might be configured, subject to council approval, access, servicing and other applicable planning requirements. Existing accommodation comprises a four bedroom main home, a separate two bedroom home and a one bedroom home. Currently returning $1,100 per week, with the fixed term running until August 2027, the property brings an established income stream to the land bank proposition. The location strengthens the appeal. The University of Waikato and Ruakura Inland Port are nearby, placing key education and employment destinations within easy reach. Silverdale Normal School and Jansen Park add schooling and recreation to a setting that retains a country feel close to the city. Supporting improvements include garaging, carports, smaller outbuildings and a large rear shed. Established driveway access connects the homes and shedding, with parking and turning areas, fenced grassed spaces and mature trees across the grounds. With rental income already in place, you can land bank while exploring the property's subdivision potential. Bring your surveyor and take a closer look. Contact Yvenna or Craig to view.