Density to Develop
In close proximity to Queenstown, this substantial 1,413sqm High Density site offers outstanding development potential. Take advantage of the existing project plans or redesign the site to suit your own vision. The property is zoned to allow for multi-unit or residential development.
Positioned in a premier location, just a short walk from the Queenstown Gardens and CBD, this large parcel of land represents a prime development opportunity in a location highly sought after.
Our owners currently have a resource consent lodged with council (RM240164) to construct 26 one-bedroom studio units, each with 365-day Visitor Accommodation consent. The design incorporates the existing site easement, and the consent is pending approval All property files and recent comparable land sales are available on request.
A change in direction means our owners are now looking to sell.
Price By Negotiation.
Executive Summary
Address: 21-27 Adelaide Street, Queenstown
Rates:
QLDC: $7,906.87 per annum
ORC: $1,667.58 per annum
CV: $4,210,000
Land Area: 1,413m² more or less
Aspect: South
View: Town, lake, mountain
Land Contour: Mixed
Sewerage: Council supply
The following information is also available for this property – contact us for your copy.
The town centre has extremely sought-after housing There’s ample property within walking distance of town, with residences ranging from luxury apartments to family homes on high-value land and rental properties occupied by multiple tenants.
Prices in the town centre prove consistently strong, particularly properties with sought-after zoning and the ability to build more than one unit onsite. House prices remain largely immune to the area’s seasonal trends, with high tenancy demand and consistent returns
Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork.
We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge- based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network