Mahere Papa
Prime DA-Approved Development Opportunity
33 Room Self-Contained Boarding House
Presenting an exceptional opportunity to acquire a DA-approved site designed for a 33-room self-contained boarding house. This development is ideally suited for investors looking to tap into a high-demand rental market with excellent rental returns.
- Each unit is thoughtfully designed with privacy and comfort in mind, offering fully equipped amenities.
- Rental Apprasial per unit $250 p/w
- Two of the units are fully accessible, catering to tenants with special mobility needs.
- The site also includes a self-contained manager's residence, providing on-site management and oversight.
This is also a rare chance to secure a large block of land in close proximity to the CBD, an opportunity that is becoming increasingly harder to find. This site is perfect for those looking to develop a high-yielding asset in a sought-after location. Don't miss out on this DA-approved project, ready for immediate construction!
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.32 km | 4 | 2 | -m2 | 2025 01 16 | - | Council approved | |
 | 0.27 km | 5 | 2 | 182m2 | 2024 12 09 | $450,000 | Council approved | |
 | 0.25 km | 1 | 1 | -m2 | 2024 11 28 | $520,000 | Council approved | |
 | 0.34 km | 2 | 1 | -m2 | 2024 10 16 | $435,000 | Council approved | |
 | 0.29 km | 5 | 2 | -m2 | 2024 08 08 | $585,000 | Council approved |