Tender: Closes on Tuesday 29 September 2026 at 1:00PM (unless sold prior)
Attention developers, land-bankers, and savvy traders—an extraordinary opportunity has arrived in the heart of Mt Wellington. Positioned on two separate, standalone freehold titles, 243 and 243A Panama Road present a massive combined land footprint with endless potential to redevelop into multiple lots or renovate and add significant value.
The Details
243 Panama Road
• Land Area: 672 sqm (Freehold)
• Property Type: Standalone Hardiplank-clad residence
• Layout: 3 Bedrooms, 1 Bathroom, 1 Separate Toilet and rented for $560 a week
• Features: Separate kitchen and separate laundry
• Opportunity: Classic solid bones, ideal for a complete do-up or immediate site preparation for redevelopment.
243A Panama Road
• Land Area: 461 sqm (Freehold)
• Property Type: Standalone Weatherboard-clad property
• Layout: 3 Bedrooms, 1 Bathroom, 1 Separate Toilet and rented for $650 a week.
• Features: Maintained in good condition throughout
• Opportunity: Move-in or tenant-ready condition to generate holding income while you finalize your development plans.
Why This Site?
• Combined Potential: Two adjoining titles offer scale and flexibility for high-density residential development (subject to council approval).
• Multiple Options: Buy one or buy both—perfect for traders looking to renovate, hold, or undertake a multi-lot project.
• Prime Location: Situated in thriving Mt Wellington, close to public transport, motorway access, Sylvia Park Shopping Centre, and local amenities.
Properties with this level of versatility, land area, and scope rarely stay on the market long.
Method of Sale: For Sale by Tender
(Contact agent today for property information pack, viewing times, or tender documents)
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