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Lot 2 O’Meara Street and Lot 3 Hall Street, Frankton, Queenstown, New Zealand

Properties / Buy / Queensland / Queenstown

Development Potential

1. Property Summary

Property Type

Residential

Sub Type

Land Site

Land Area

2.30 hectares (*approx)

Selling Method

For Sale: Tender closing 4pm (NZST), Thursday 16th November 2023 (unless sold prior) at Bayleys House, 30 Gaunt Street, Auckland Central.

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2. Property Highlights

Title: A Remarkable location in Queenstown, New Zealand

Nestled beneath the majestic Remarkables mountain range and ski field, Frankton continues to thrive and evolve as an integral part of Queenstown's fabric and is exceptionally well positioned for future growth prospects.

Situated at Lot 2 O'Meara Street and Lot 3 Hall Street, the two existing parcels span a combined landholding of some 2.3ha (more or less). The Vendor has undertaken a proposed subdivision scheme plan, enabling the formation of six smaller allotments that range in size from 0.25ha to 0.47ha (more or less), offering developers and land bankers alike a rare opportunity to acquire prime and appropriately zoned real estate in one of New Zealand's most desirable locations.

Offering flexibility to acquire either singularly (or collectively) as smaller allotments (under the proposed subdivision plan) or purchase the existing titles Lot 2 and/or Lot 3, the sites provide a range of development options to buyers which is further enhanced by the existing planning and resource consent conditions in place, enabling a streamlined process.

Both wider Queenstown and Frankton have witnessed robust population growth and steady median sale price increases in recent years - underpinning this compelling investment opportunity.

To learn more about this Remarkable land development opportunity or schedule a viewing, please contact a member of the sales team.

Key Features

• Buy one, or buy all - option to acquire either the proposed allotments singularly (0.25ha to 0.47ha (more or less)) or the existing lots

• Resource Consent in place - existing Resource Consent and planning permissions granted for an impressive medium-to-high density residential development (existing lots only).

• Scarcity of appropriately zoned, scale landholdings within Frankton and wider Queenstown market

• Both wider Queenstown and Frankton have witnessed robust population growth and steady median sale price increases in recent years