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Freehold Development Land - Multiple Titles - #1
Freehold Development Land - Multiple Titles - #2
Freehold Development Land - Multiple Titles - #3
Freehold Development Land - Multiple Titles - #4
Freehold Development Land - Multiple Titles - #5
Freehold Development Land - Multiple Titles - #6
Freehold Development Land - Multiple Titles - #7
Freehold Development Land - Multiple Titles - #8
Freehold Development Land - Multiple Titles - #9
Freehold Development Land - Multiple Titles - #10

For Sale

$600,000 including GST (if any)
Land plots of greenfield, multiple dwelling development land this close to the city are rare. This parcel of land totalling 2,118m2 (more or less) is ripe for sub-division and developing into townhouses on freehold titles.

Four freestanding townhouses have been granted resource consent for development subject to the three existing titles been amalgamated into one. The land could be further subdivided into four freehold titles subject to a sub-division consent be sought and granted by the new owner.

The land has a steep pitch profile, so the Vendors have engaged an architect to draw up full concept plans that allow for the best building outcome on the site. The four identical townhouses are positioned on the eastern boundary at the top of the section for the easiest building option and to absorb the best of the all-day sun.

The unobstructed views across the valley will be a key factor in the success of these completed properties for your new owners or tenants. These will be especially popular with professional couples, retirees, and the ever-popular out-of-town buyers looking for a town base or simple investment. Professional companies consulting to the upcoming Hospital build will also hotly compete for these final products for their 'fly-in, fly-out' staff.

Please enquire for our Colliers Information Memorandum, the official resource consent documentation and proposed plans for townhouses on each site. Boundary lines shown in photos are indicative only and may not represent the exact boundary of the title.

Other investment options at colliersotago.co.nz

Ref #: 20480700