Silverstream block positioned for major change

A substantial residential development opportunity in Silverstream has come to the market, with an identified potential concept plan that aligns with the current District Plan.

The freehold landholding at 44 to 67 Kiln Street is owned by Guilford Timber Company Limited and comprises approximately 2.69 hectares, subject to final survey, of High Density Residential-zoned land. The former industrial-zoned land parcel is currently occupied by several commercial tenancies and three residential flats, all on monthly leases, with one building subject to a six-month demolition clause. Together they return gross annual holding income of approximately $172,000, excluding GST.

The indicative masterplan prepared by the vendors outlines a mixed-density residential scheme of around 124 dwellings across various typologies including apartments, townhouses, duplex homes and standalone dwellings. The scheme also incorporates approximately 450sqm of neighbourhood commercial space and carparking.

A comprehensive suite of technical investigations has already been completed, including planning, geotechnical, environmental and contaminated land assessments, providing prospective purchasers with a well-informed understanding of the site’s development potential.

The landholding is for sale by tender closing Wednesday 9th September 2026, and it is being marketed by Fraser Press and Christian Taylor of Bayleys Wellington Commercial, and Wesley Gerber from Bayleys national land development team.

The parcel of land sits adjacent to an established residential precinct, Amberley Gardens, developed by a Gillies Group-aligned entity more than a decade ago. Press says Silverstream is one of Upper Hutt’s most established and well-connected suburban communities, with the scale and location of the subject property positioning it as an opportunity for developers looking to deliver new housing within a setting already supported by a high level of amenity and infrastructure.

“Silverstream is a suburb with a strong sense of identity and connection. Families value the schooling, the transport links and the everyday convenience, and that creates a foundation for high-quality residential development.”

He says the site’s zoning and technical due diligence already undertaken provide a clear pathway for purchasers.

“This gives developers confidence that the site is well understood and capable of supporting a substantial residential outcome.”

The adjacent residential precinct further reinforces the area’s appeal and demonstrates the ongoing confidence in Silverstream’s long-term growth.

“The existing concept is not set in stone, but simply shows what is possible. A new owner may see value in alternative configurations, including land and house packages, retirement living, or a blend of densities that would mesh to market demand.

“There is also potential appeal for built-to-rent investors and institutional capital seeking exposure to housing opportunities.

“Upper Hutt City is projected to grow from 46,000 to 70,000 residents by 2051, and well-located landholdings like this will play an important role in meeting that demand, particularly in suburbs that already offer strong community infrastructure and amenity.”

The property has streamlined access to State Highway 2, Silverstream Station, local retail, healthcare services and recreational facilities. Education is a key drawcard, with Silverstream School, Fergusson Intermediate, St Patrick’s College and Upper Hutt College all contributing to the suburb’s ongoing popularity with families and professionals.

With holding income in place and substantial due diligence completed, Press says the property provides a compelling platform within one of the Hutt Valley’s most desirable residential communities.

“This is one of the larger undeveloped sites in and around Silverstream, offering scope for either an immediate project or a chance to secure a long-term strategic position.”