High density development site

21 Melbourne Street, Queenstown

$2,750,000

3

1

Single Garage

Residential For Sale

For Sale
Land Area: 936.00 m2.    Floor Area: 115.00 m2.    

Description

As the original Queenstown Post Master's residence, this site was chosen for its proximity to downtown and its easy walk to the Post Office. The vicinity is now considered the bullseye for close to downtown, intensive residential and visitor accommodation development with the address surrounded by both residential and managed apartments and hotel developments. The 936sqm section enjoys a high density 'A' zoning, and along with proposed changes to the district plan allowing for greater intensification of development, including increases to maximum build heights, presents an exciting potential future for this property.

The circa 1970, three bedroom brick home is comfortable with good heating options and is currently tenanted at $900 per week until July 2019. Benefit from the property's prime position while you landbank for the future, or look to develop now to take full advantage of Queenstown's tourism popularity.

Boundary indicative only

FOR SALE - $2,750,000

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Features

  • 936sqm landholding with a high density 'A' zoning
  • 115sqm, three bedroom home with separate kitchen and living areas, plus single garage
  • Easy walk to downtown in just a few minutes
  • Tenanted at $900 per week, fixed until July 2019

Map

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