- An Auckland family is selling a 6475sqm waterfront property in Whenuapai after moving to China.

- The site, with a CV of $5.1 million, could be subdivided into five to eight sections.

- The property is currently rented for $580 per week, with tenants willing to stay on.

An Auckland family is selling off a multi-million-dollar block in Whenuapai after abandoning plans to build a dream home there.

Start your property search

Find your dream home today.
Search

The family has owned the 6475sqm waterfront plot at 123 Kauri Road since 2014, but recently relocated to China, and the property is now surplus to requirements.

Harcourts listing agent Tim Lee told OneRoof his vendors had planned to demolish the brick and tile house on the site and build a luxury home.

The vendors had planned to build their dream on the 6,475sqm section at 123 Kauri Road, in Auckland's Whenuapai. Photo / Supplied

The three-bedroom brick and tile home on the section is currently tenanted. Photo / Supplied

The property has a CV of $5.1m - triple what the family paid in 2014 - and is zoned Single House under the Auckland Unitary Plan.

Lee said the site could still be subdivided into five or even eight sections.

“A planner says to be safe, if you want to subdivide, it's about five sections. If you're good, maybe eight sections," he said.

“That's why we say it has good potential. We can't say anything solid because there hasn't been any council consent yet. You just need someone who really recognises the value of this section.”

Discover more:

- Max Key's epic villa renovation: 'My mum and I designed the whole thing'

- 'Trashed' mortgagee mansion gets million-dollar makeover

- West Coast gin magnates selling iconic 'Gone with the Wind' building

He noted that the neighbouring property had a pool right by the water, which suggested luxury developments in the area were viable.

And while he urged buyers to ignore the $5.1m CV, he said the valuation was in line with others in the area, based on price per square metre.

He said the three-bedroom home was currently rented out for $580 per week and that the tenants would be happy to stay until the new owner's plans were set.

- 123 Kauri Road, Whenuapai, Auckland, is for sale, deadline closing June 4