12235 m27 Wellington Street presents a prime development opportunity in Opotiki, comprising 1.2235 hectares across two titles. The site is consented for a 19-lot residential subdivision, with lot sizes ranging from 300m² to 742m². With a flat, easily developable contour and proximity to key amenities—including a supermarket directly across the road—the site is both private and well connected.
Key Highlights:
•Land Area: 1.2235 hectares (two titles)
•Consents: Subdivision and land use consent granted (July 2024)
•Approved Lots: 19 residential sections
•Lot Sizes: 300m² to 742m², enabling a variety of housing typologies
•Topography: Flat (less than 1m elevation variation)
•Location: Elevated and accessible, within walking distance to local amenities
•Development Status:
- Engineering design advanced and costed
- Awaiting engineering approval, allowing for purchaser-led scheme finalisation
- Cost-effective civil works anticipated (no major site complexities)
Strategic Advantages:
•Suitable for developers, investors, or land-bankers
•Affordable land and low development costs support staged delivery or patient capital
•Iwi partnerships are possible, pending further engagement and policy direction
•Vendor is open to remaining involved in development if required
Sale Options:
1.Outright Purchase: Site sold with all consents in place
2.Purchase + Development Support: Secure the site with vendor-contracted development assistance
3.Wholesale Lot Purchase: Acquire all 19 lots, with settlement upon title issuance
Price: $1,200,000 + GST (if any)
Terms: Flexible sale structures available to suit buyer needs and development experience
Property Files: propertyfiles.co.nz/TG04469
Rural & Lifestyle Salesperson
