With proximity to the Queenstown CBD - this 850 sq m site (more of less) offers exceptional development potential with the added benefit of holding income from a long-term commercial tenant.
Zoned Business Mixed Use under the proposed district plan, this site has enormous potential ranging from residential, unit style accommodation, offices and retail/commercial. With a generous (restricted discretionary) height limit of 20 meters and no set-back requirements from front and side boundaries, there is plenty of scope to develop a multi-level building on this site. Building coverage under this zone is also permitted to 75% of the site area.
Less than 400 meters to Stanley St, this is a rare opportunity to land-bank a central site with significant development potential.
Sale price will be Plus GST if any.