55 Clyde Street Tokoroa, South Waikato District

Calling developers, investors, and project buyers seeking a property with significant groundwork already completed. Situated on a single title, the site contains two dwellings and benefits from key council approvals, providing an opportunity to add value and explore future development potential.

Home A
Positioned at the rear of the site, the original weatherboard home measures approximately 80 sqm and is suitable for immediate occupation or rental. The dwelling offers three bedrooms, a modernised kitchen and bathroom, a heat pump in the living area, ceiling and underfloor insulation, and a Gas Infinity hot water system. Additional features include a Daikin ventilation system, burglar alarm, and a roof that was replaced in 2021. The current rental appraisal is between $470 and $490 per week.

Home B
Located at the front of the property, the second dwelling is an approximately 98 sqm relocatable home that was moved onto the site in December 2025 and now requires completion. The home includes three bedrooms, a separate living area, open plan kitchen and dining space, a bathroom with both shower and bath, and a separate toilet. Once completed, this dwelling has the potential to add further value and income to the property.

Resource consent has been granted for two dwellings on the site and Subdivision consent has been applied for, however the title has not been subdivided. Any future subdivision remains subject to council approval and completion of required works.

This property presents an opportunity to complete the existing project and consider future development or dual income options.

Contact Richard for further information or to arrange a viewing.

https://rwtokoroa.co.nz/TOK30601