Rarely do properties of this size and scope come to market in Otorohanga. 113 Main North Road offers 5,915sqm (more or less) of prime freehold land with multiple income streams and future potential that is hard to match.
Currently, the property features three dwellings — all tenanted and returning strong rental income. This provides buyers with holding income from day one, giving you the freedom to develop immediately, landbank for the future, or simply invest while you plan your next move.
Onsite dwellings include:
• 4-bedroom home with 1 bathroom
• 3-bedroom home plus office with 1 bathroom
• 2-bedroom home with 1 bathroom
Development potential is significant. Previous concept plans have already been drafted for approximately nine sections, highlighting the possibilities this land presents. Dual access — with main road frontage at the front and a cul-de-sac connection at the side — makes subdivision practical and appealing, further enhancing the value for developers.
Situated in a well-connected location, close to Otorohanga township amenities, schools, and transport links, the site is perfectly positioned to meet the ongoing demand for quality housing in the district.
Key highlights:
•5,915sqm (more or less) freehold site
•Three tenanted dwellings providing strong returns
•Drafted plans for approx. nine sections
•Dual access: main road frontage and cul-de-sac link
•Rare large-scale opportunity in Otorohanga
•Multiple strategies: develop, invest, or landbank
Opportunities of this size and flexibility are increasingly hard to find. Whether you’re a seasoned developer, an investor looking for strong returns, or a landbanker seeking long-term security, 113 Main North Road is a property that demands serious consideration.
Contact Matt Scoble at Bayleys Waikato today for more information or to arrange a viewing 027 299 2883.
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