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 (subject to council consent). Notably, PC120 zoning changes are set to provide greater scope for intensification, giving developers a future-forward opportunity to maximise their site yield.
Dual street frontages to Mareth Street and Suda Place, along with straightforward access to underground services, simplify the development process. *A comprehensive planning report confirms no natural hazards or restrictive overlays, providing confidence to unlock the site’s full potential. Explore the full 360° aerial view: https://realsee.ai/2VPPWNRP
Currently, a modest three-bedroom home occupies a small portion of the site, offering an opportunity to replace it with *approximately seven new dwellings with flexible parking layouts. This makes it ideal for build-to-sell, build-to-rent, or boutique waterfront living.
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.
*Subject to purchaser’s own due diligence. Please refer to the planning report in the dataroom available through the sole agents.
**For sale by way of Negotiation.
Features:
* Zoning with Future Upside: Zoned Residential – THAB, supporting multi-level development. Proposed PC120 changes may further enhance development scope (subject to council consent).
* 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, with no overlays or natural hazard constraints identified.
* 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.
