135A/137 Lemon Street, New Plymouth, New Plymouth

Multi-unit residential development opportunity

Bayleys Taranaki have been appointed by the receiver to market this outstanding development site, land use resource consent for 18 two bedroom townhouses has been approved, in one of New Plymouth's most sought-after residential locations. Well positioned near the CBD, Coastal Walkway, all levels of schooling and world class beaches, this expansive site offers exceptional development potential. Zoned Medium Density Residential, the property supports a range of intensive residential possibilities, including stand-alone homes and multi-unit housing, depending on your appetite for project size. The opportunity to create individual titles for each unit (stratum in freehold) broadens the scope for investors with any future sell down. With its elevated and sun-drenched position, this rare inner-city site of 2,052sqm (more or less) will combine lifestyle appeal and investment potential in a well-regarded location. The prospective development includes concept level design earthworks, stormwater/wastewater and landscape plans.

Deadline Private Treaty closing on Wednesday 14th May 2025 at 1pm (will not be sold prior), Bayleys Office, 15 Courtenay Street, New Plymouth.