A rare and lucrative opportunity has emerged for astute investors seeking a prime location to develop both short term or long term rental properties in the prestigious St Andrews Park area of Queenstown Hill.
This 653sqm vacant section offers breathtaking views of Lake Wakatipu and the majestic mountain ranges including The Remarkables, Cecil Peak and Walter Peak.
It comes with approved Resource Consent to build two luxurious townhouses, each featuring 5 bedrooms, 5 bathrooms and a double garage. Both townhouses will have freehold titles, which immensely enhance the investment potential.
Situated in an ideal location halfway between Queenstown International Airport and the town center, the property is also within walking distance to a bus stop for convenience.
In addition to its stunning views, the site offers exceptional privacy, being positioned on the elevated back row of the residential area, with recreation reserve directly behind. The gently sloping front section also presents a significant potential for reducing construction costs.
This is an exceptional opportunity for those looking to build high end investment properties in one of Queenstown's most sought after zones.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 4 | 3 | 323m2 | Year 2025 Month 02 Day 20 | - | Council approved | |
 | 0.23 km | 3 | 2 | 193m2 | Year 2025 Month 02 Day 03 | - | Council approved | |
 | 0.23 km | 3 | 190m2 | Year 2025 Month 01 Day 16 | $1,570,000 | Council approved | ||
 | 0.18 km | 2 | 112m2 | Year 2024 Month 10 Day 23 | $867,500 | Council approved | ||
0.02 km | 3 | 166m2 | Year 2024 Month 09 Day 17 | $1,100,000 | Council approved |