Ignore all previous price expectations - Vendor to meet the market!
Join East Auckland’s leading developers at 23 Mareth Street, an approx. 850m² freehold corner site in Panmure’s fast-evolving residential precinct. Just 150 metres from the waterfront and parkland, this property offers a rare blend of lifestyle appeal and development scalability.
Zoned Residential – Terrace Housing and Apartment Building (THAB), the site supports multi-level development, with generous allowances for building height and site utilisation.
The property offers excellent convenience, with Panmure’s town centre, train station, and schools close by. Mt Wellington and motorway links are just minutes away, while nearby waterfront reserves and green spaces provide great options for outdoor recreation. Major infrastructure projects like the AMETI Busway and Tāmaki Regeneration Programme continue to drive growth and investment in the area.
With its scale, zoning and waterfront location, don’t miss out on Panmure’s next development site – contact the sole agents for further information.
For sale by way of Auction on Tuesday 12th May 2026 at 11am, at Colliers Auction Room, Level 23, 188 Quay Street, Auckland (unless sold prior).
Features:
* Zoning with Future Upside: Zoned Residential – THAB, supporting multi-level development.
* Substantial Freehold Landholding: Approx. 850m² corner site with dual street frontages
* Indicative Development Yield: Concept outlines capacity for multiple new dwellings with adaptable layouts and parking options (refer to planning report).
* Service Connections: Nearby access to water, waste, and stormwater services.
* Lifestyle Appeal: Positioned less than 150m from waterfront reserves and parkland, combining development opportunity with lifestyle appeal.
* Excellent Connectivity & Amenity: Close to Panmure town centre, train station, Glen Innes, Mt Wellington, and key transport routes.
* Established Growth Precinct: Located in a resilient suburb benefiting from ongoing investment, including the AMETI Busway and Tāmaki Regeneration Programme.
* Explore the full 360° aerial view: https://realsee.ai/2VPPWNRP
