215 Waihoehoe Road

Drury Auckland

2700 m²

1.5 ha.

Other

Currently for sale - view listing

Overview

1.499ha THAB Zone with $87,000 Annual Income

Introducing 215 Waihoehoe Road, an exceptional large-scale development site positioned in the highly sought-after Terrace Housing and Apartment Buildings Zone (THAB) - the most intensive residential zoning available under the Auckland Unitary Plan. With 1.5 hectares (approx.) of flat, highly usable land, this site offers outstanding potential for high-density residential projects, including multi-level apartments, terraced housing, or an integrated master-planned development (subject to council approval). This location is at the heart of Drury's transformational growth. The Drury Central train station is nearing completion, bringing immediate transport connectivity for future residents. In addition, the new Drury Costco has been confirmed and construction is scheduled to begin next year, significantly increasing retail demand, employment, and long-term value in the area. Adding to its appeal, the property provides strong holding income: Main House: currently rented at $750 per week, Greenhouse: leased at $4,000 per month. This stable cash flow allows investors and developers to hold the property comfortably while undertaking planning and consenting work. Situated just minutes from the new train station, the expanding Drury West Town Centre, SH1 access, and major public/private infrastructure investment, 215 Waihoehoe Road represents one of the strongest long-term growth positions in South Auckland. • 1.5 hectares (more or less) of premium, flat development land • Zoned Terrace Housing & Apartment Buildings (THAB) • Highest residential density allowed - suitable for apartments, terraces, walk-up units, or a large integrated development • Located in Drury's most strategic growth pocket • Minutes to the new Drury Central train station, Drury West Town Centre and SH1 • Surrounded by major planned developments by Kiwi Property, Fulton Hogan, Oyster Capital and Classic Group • Significant government and private investment into roading, rail and town centre infrastructure • Strong demand for new housing supply in Drury's long-term urban expansion plan Please contact us for more information.