Plot in Remuera’s urban growth corridor

A significant residential development site with 19 metres of frontage to one of Auckland’s key arterials has been released to the market, offering developers, occupiers, and investors the chance to secure a blue-chip address with exceptional growth potential, Bayleys brokers say.

Bayleys director James Were is marketing the freehold landholding at 248 Great South Road for sale by deadline, closing at 4pm on Tuesday 3rd December 2025 (unless sold prior).

The 1,012 sqm site occupies a commanding position along a key commuter route linking Remuera with Newmarket and Greenlane.

Were says the site’s Residential – Terrace Housing and Apartment Buildings (THAB) zoning unlocks substantial capacity for residential intensification or mixed-use redevelopment, supported by excellent transport connectivity and strong local demographics.

“This property represents a rare opportunity to secure scale and zoning versatility in one of Auckland’s most tightly held residential catchments.

“Assets of its size and zoning in this area are hotly contested, with THAB classification enabling substantial development capacity, which allows for high-quality terrace or apartment schemes that make efficient use of the land in line with the government’s ongoing emphasis on infill housing and urban intensification.”

Improved by a single-level 1920s dwelling with on-site car parking, the property provides immediate scope for development, occupation, or strategic interim leasing.

“The location and visibility also create strong potential for future commercial or professional-use conversion, which may appeal to medical specialists, consultants, or boutique operators seeking a city-fringe presence in a premium setting.”

Additionally, Were says prominence along Great South Road delivers exceptional exposure to high daily traffic flows and the property is surrounded by professional services, medical tenancies, and boutique retail, reinforcing long-term appeal to both residential and commercial occupiers.”

This is further supported by proximity to both the Remuera and Greenlane train stations nearby, frequent bus routes along Great South Road, and efficient connections to the Southern Motorway network.

Of current market dynamics, Were says Kiwis are at a point in the cycle where fundamentals matter most, with buyers seeing highly selective and favouring sites that have premium zoning, established infrastructure and strong prospects for long-term value uplift.

“Market conditions are aligning for action, and we are seeing more and more that quality developers and well-capitalised investors are re-entering the market and positioning themselves for the next cycle.

“As construction costs continue to stabilise and the housing market shows renewed momentum, the fundamentals for high-quality infill projects are strengthening.

“Government policy continues to support higher-density development in well-connected suburbs - Remuera is a textbook example of where that growth could take shape.”

“The property’s blend of zoning flexibility, location and prestige will resonate widely with the market. “It strikes the balance between short-term practicality and future potential – appealing equally to developers, occupiers, and investors who recognise the strength of Remuera’s fundamentals.”