"A resource consent was granted to develop the property under Residential 6A, of the previous Auckland Council Operative Plan - allowing for the creation of 30 residential lots.
"The land could be developed under this existing consent or an application might be made under the incoming Auckland Unitary Plan, Mixed Housing Suburban zoning which would allow even higher density."
Jiao says Abbotts Way was named after RH Abbott, who purchased 100 acres from the St Johns Trust Board in 1917. That land was gifted to the city by Abbott, during World War I when it included Lake St John which was later drained to become Waiatarua Park.
However, the property for sale was not part of that gift, and was owned by the same family for 66 years - from 1948-2014 - until it was sold to the present vendor.
"Remuera is arguably New Zealand's most affluent inner-city suburb," Jiao says.
"The suburb has numerous green spaces, parks and reserves which cannot be developed. Undeveloped residential land holdings of this size are now almost unknown so we're expecting huge interest in this property from around the world."
