1-4/15 Panama Road, Mount Wellington, Auckland

SoldDec 4, 2025

1-4/15 Panama Road, Mount Wellington, Auckland

$2,275,000

383 m²

1115 m²

Unit

•

22 days on the market

Sold: Dec 4, 2025

What's around 1-4/15 Panama Road

Deceased Estate - 4 Units Returning $124,020 p.a

Currently returning approx. $2,385 per week ($124,020 p.a.), all units are Healthy Homes compliant, providing strong holding income while future options are explored. Zoned Terrace Housing and Apartment Building (THAB), this site offers outstanding potential for multi-level development (subject to Council approval). Comprising four individual titles, well-maintained two-bedroom units, one an expansive 120m2 the property sits on a generous 1,115m2 (more or less) freehold site. Key Highlights: - Total land (1115m2) and floor areas are (384m2) combined - THAB zoning - ideal for development - Four x 2-bedroom units, 3 x 88m2 and 1 x 119m2 (approx.) - All with their own Garage! - Solid rental return, all under a periodic tenancy - Close to transport, schools, and retail With figures that speak for themselves, this impeccably cared-for investment delivers strong returns, steady income, and excellent tenancy. Opportunities of this calibre, combining quality, scale, and long-term potential, are rarely available. All Conjuncting agents welcome.

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Seller's review

3 months ago

Verified Review

Hardworking, Respectful and Always Going the Extra Mile

Charlotte may be newer to the industry, but she works with extraordinary dedication and gives 110% to everything she does. She is friendly, respectful in all her interactions, and consistently goes above and beyond. Nothing was ever a problem, and she was incredibly easy to work with. Most importantly, she delivered a fantastic result for us. We wouldn’t hesitate to recommend her.

Colleen Bridget O'connor

Seller