A prime residential development site in Whangārei offers a significant opportunity for developers to address the region’s urgent housing needs, according to Bayleys salespeople.
The 8,933sqm (more or less) freehold property at 291 Kamo Road is supported by General Residential zoning under the Whangārei District Plan, presenting substantial potential for residential development in a well-established area.
Bayleys in the North associate director Henry Napier says Whangārei is one of 13 cities nationwide that has been directed to emphasise greater housing growth under new Government plans.
“Council estimates indicate the need for an additional 20,100 homes by 2051 to meet population growth, with northern Whangārei emerging as a key area of opportunity to provide much-needed housing supply.
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“The subject property presents an ideal canvas for a medium-density residential project, with favourable zoning rules making the site particularly attractive for those looking to develop a range of housing types that cater to this growing demand.
Napier is marketing the property for sale by deadline, closing at 4:00 pm on Wednesday, 25th September (unless sold prior) with Bayleys colleague Daniel Sloper.
While the property, previously occupied by a national disability support services charity, will be sold with vacant possession, the existing 250sqm office space provides a potential revenue stream during the development planning phase.
Bayleys in the North associate director Daniel Sloper says this offers a dual advantage, enabling new purchasers to generate revenue as they navigate the planning and approval stages for more intensive residential development.
“With the site’s flat contour, proximity to essential amenities, and location along a high-profile thoroughfare, it is excellently poised to transform into a vibrant residential community.
“As the region continues to grapple with an undersupply of housing, the site provides a timely solution, yielding around 18 400sqm sections in a location that combines the benefits of an established suburb with easy access to services and amenities.
“Kamo is a family-friendly suburb in North Whangārei, well-regarded for its strong community and variety of amenities, including retail, services and entertainment.
"The subject property is just a short distance from Kamo High School, Kamo Village, and the Kensington Crossing shopping centre, making it an appealing location for a variety of budding residents.
“Public transport options, including the nearby Kamo bus station, enhance connectivity throughout Whangārei, further boosting the site’s appeal and making the location a prime target area for residential developers eager to maximise demand for quality housing in the region.”
The brokers say that beyond the immediate development potential, there is an opportunity for developers to partner with community housing agencies and local or central government to deliver affordable housing solutions.
“Such collaborations could help to meet the increasing demand for homes, particularly as the broader area is challenged by the pressures of a constrained housing supply pipeline. This could also provide purchasers additional incentives and support, further enhancing the viability of residential development.”
They say that as Whangārei continues to evolve, the strategic development of sites like 291 Kamo Road will be crucial in addressing the housing shortfall and supporting the region’s long-term growth.
“With a rare combination of scale, location and growth potential, the subject property is a standout option in the current market.”
- Supplied by Bayleys