420A Ellerslie-Panmure Highway

Mount Wellington Auckland

137 m²

1305 m²

House

Currently for sale - view listing

Overview

Prime Landbank & Development Goldmine - RC approved for 5 new homes.

Forget the council CV - this is a strategic powerhouse in one of central-east Auckland's most hyper-connected growth pockets. Sitting right at the crucial intersection of Mount Wellington, Lunn Avenue, Stonefields, Ellerslie, and Panmure, properties of this scale and development readiness do not last on the market. Whether you want to execute the approved plans immediately or hold a high-yielding rental while the market peaks, the geographic advantages here make complete sense to developers and future homeowners alike. Key Features: • Massive Land Holding: 1,305sqm (more or less) of freehold Mixed Housing Urban land off the main road with 2 units. • Resource Consent Approved: Ready-to-go consent in place for 5 new, different-style homes • Instant Income / Landbank: Well-presented rental home with healthy home compliant, with excellent, long-term tenants at $1,115 per week (Flat 1, 420A and Flat 2, 420A) • The Transit Sweet Spot: Situated within 1 minute of the Panmure Train Station and bus stop at your door stop for ultimate city-bound commuting convenience. • Rapid Motorway Access: Located within 2- 3 km of multiple SH1 motorway ramps, giving you rapid links North and South via both the Ellerslie and Sylvia Park interchanges. • Surrounded by Retail & Lifestyle: You are completely wrapped in convenience, flanked by the vibrant Lunn Ave shops, Stonefields, Panmure Shopping Centre, and Sylvia Park Shopping Centre. True Market Value: Super motivated vendors want to meet the market. Act to secure this opportunity without delay - motivated vendors encourage early offers.