1.5 ha Land available in Newton

Approved residential development opportunity situated in the growing suburb of Newton, Wellington

This property forms part of an approved residential development and offers a combination of conventional residential opportunities together with a multi-unit development component.

Development approvals are already in place and internal roads within Phase 1 have been completed, providing developers with a significant head start compared to underdeveloped land.

Approximate extent: 16973 square meters

Zoned Subdivisional Area Zone

Approved residential development framework

Approved street naming and numbering

Existing internal road infrastructure

Conventional residential component

Multi Unit residential component

Approved density of 65 units per hectare

Potential yield of approximately 26 apartment units

Established residential location

Affordable housing development potential

Ideal For

Affordable housing

Rental developments

Sectional title projects

Plot & Plan developments

Entry level housing

Workforce accommodation

The development has already demonstrated market demand through previous residential sales and offers developers the opportunity to continue an established residential project within Wellington''s growing property market.

Due Diligence in place

Development approval framework

Subdivisional Area Zoning

Street names approved

Street numbering approved

Layout approval granted

Internal roads completed

Residential market proven Phase 1 sales

Multi-unit component approved

Density approval in place