Mixed Housing Urban, RC Approved, Prime Holding Income!
Fast tracked, get to the build quicker!
The hard work, time, and capital required for council's Resource Consent (RC) has already been invested. This 936m² (more or less) prime development site in highly sought-after Totara Vale comes to market with Resource Consent already approved for a lucrative 7-lot residential subdivision.
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The Project: A Market-Ready Product Mix
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The approved plans have been designed to maximize yield and appeal to a broad buyer demographic, from first-home buyers to established families.
Consented Lot Breakdown:
Lot 1: 2 Bed | 1.5 Bath | 78m² (more or less)
Lot 2: 2 Bed | 1.5 Bath | 78m² (more or less)
Lot 3: 3 Bed | 2.5 Bath | 90m² (more or less)
Lot 4: 4 Bed | 3 Bath | Single Garage | 128m² (more or less)
Lot 5: 4 Bed | 3 Bath | Single Garage | 128m² (more or less)
Lot 6: 4 Bed | 3 Bath | Single Garage | 128m² (more or less)
Lot 7: 4 Bed | 3 Bath | Freestanding | Single Garage | 142m² (more or less)
INFRASTRUCTURE ADVANTAGE: Access logistics are already addressed. The existing driveway can be widened to a generous 6.1 meters, backed by established easement arrangements with 19 and 19A Ellice Road.
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Offset Holding Costs: Substantial Existing Home
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While you lock in contractors and prepare for earthworks, the site offers excellent holding income potential. Tucked away from the road, the existing dwelling is a substantial 6-bedroom, 3-bathroom home.
Featuring high ceilings, multiple living areas, a fireplace, and excellent indoor-outdoor flow, this property is highly tenantable and will generate strong rental returns to offset your holding costs. Alternatively, it serves as a robust landbank asset for the future.
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Strategic Location
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Location is everything when selling down the finished product. Situated in a high-growth, secure neighbourhood, your future buyers will be minutes away from major local shopping centres, public transport hubs, and top-tier schools.
Opportunities with RC already in place are increasingly rare in this current market. Secure the site, execute the plan, and realize the profit.
**Developer's Note regarding Consents: Resource Consent was granted in August 2022 under the Auckland Unitary Plan (Not MDRS). Please note that Plan Change 78 has been partially withdrawn and no longer applies from 9 October 2025.**
ALL CONJUNCTIONALS WELCOME, so agents, bring your buyers!
Contact Ian 0211592078 today to find out more!
