Rare Development Opportunity In Kaiteriteri

Positioned in the very heart of Kaiteriteri, this circa 1500 sqm freehold commercial cross-lease site presents an outstanding opportunity for developers and investors in one of New Zealand’s most desirable coastal locations.

Key Highlights:

•Resource Consent approved for 11 apartments,
with sea views from the first and second floors

•Flat, highly accessible site within easy walking distance to the beach, store, cafes, and restaurants

•Practical design incorporating ground-floor parking with residential living above

•Two established complementary businesses currently operating on site, providing valuable holding income if development is staged

•Location - Kaiteriteri frequently receives international accolades appearing regularly on the world’s best beaches list

Land of this caliber and flexibility in Kaiteriteri is extremely limited, making this a rare chance to secure a site with immediate income and long-term development upside. The area continues to attract strong demand from both permanent residents and holidaymakers, supported by numerous high-end and multi-million-dollar residential builds underway nearby.

Whether you choose to proceed with the existing consent, adapt the plans, or explore an alternative development, this site offers exceptional versatility in a blue-chip coastal setting.

Opportunities like this are seldom available and may not be seen again for decades.

Contact Ged today to obtain further details on this exceptional investment.