A prime site within a key area of urban renewal plus holding income from the home onsite - this first-time-to-market property has every development fundamental covered. The level site's positioned in an area that's increasingly incorporated into wider downtown Queenstown to accommodate business, visitor and residential growth.
The original onsite home offers solid income potential. With 110sqm of interior space, there are three bedrooms and a separate double garage. The location makes it easy to rent, and it's got beautiful mountain outlooks.
964sqm of almost flat land is lucrative in any market, and high density residential sub-zone B zoning opens up the potential for the future. Landbank and reap the income whilst planning your next move.
Boundary indicative only.
• Three bedroom home on 964sqm development site
• Planner's report on file
• An easy 15 minute walk to Queenstown CBD and Lake Wakatipu
Auction Wednesday 10th June 2020 at 1pm, Colliers International, Top Floor, 10 Athol Street, Queenstown. Unless sold prior.
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Ref #: 20433937
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