Auction: 8-12 The Promenade, Takapuna on Thursday 23 July 2026 at 10:00AM (unless sold prior)
The Ultimate Opportunity for Developers & Long-Term Investors! Prime location, stable cash flow, and development potential—all securely locked in!
RC & EPA Approved – Save Time, Reduce Risk, and Secure Profits
The core value of this property lies in the fact that the current owner has already completed the most time consuming and tedious preliminary stages of the development process. The hassle of council red tape is in the past:
• Dual Council Approvals: Both Resource Consent (RC) and Engineering Plan Approval (EPA) have already been granted!
• Clear Development Pathway: Developers no longer need to endure long approval waiting times or navigate the risks of policy changes. Simply obtain the Building Consent (BC) based on the existing EPA, and you can seamlessly transition to breaking ground!
• 700? (approx.) Flat Land: Situated on a prime 700? freehold site in the heart of Sunnynook. This regular, highly developable section offers massive future capital growth and flexible planning options.
• Boutique 5-Home Development Opportunity: A scale ideally suited to today's lending and residential market in the heart of Sunnynook.
Classic Weatherboard Home – Enjoy Immediate, Stable Rental Income
While you finalize your architectural blueprints or hold this property as a long-term land bank, this home provides an excellent financial buffer:
• Robust Cash Flow: A classic, solid weatherboard home featuring a highly practical and high-yielding layout: 3 bedrooms, 2 bathrooms, and 2 living areas (one of which can easily serve as a 4th bedroom), complete with an internal access garage.
• Self-Sustaining Investment: Existing tenants are ready to seamlessly extend their tenancy, providing a highly reliable income stream to perfectly cover holding costs. This is a textbook example of "holding land with passive income."
Diamond Sunnynook Location – Impeccable Top-Tier School Zones
Located in a quiet and safe cul-to-sac, the sheer scarcity of this location guarantees limitless future value:
• Prestigious Double Westlake Zone: Zoned for the highly coveted Westlake Boys' & Girls' High Schools. It is also within easy walking distance to Sunnynook School and Wairau Intermediate.
• Flawless Amenities: Just a short stroll to the Sunnynook Shopping Centre, local cafes, parks, community centers, and the Sunnynook Bus Station.
• Transit Hub: Right next to the Wairau Park commercial district with rapid access to State Highway 1, the Northern Busway, and both Sunnynook and Constellation Transport Hubs. Commuting and daily life are exceptionally convenient, ensuring that future newly-built homes will be incredibly easy to sell or rent out.
