Mahere Papa
For the first time in over 60 years, we are pleased to present 3 Loop Road to the market - an exclusive land holding opportunity on the highly sought-after Kelvin Heights Peninsula.
This elevated property offers breathtaking views of Lake Wakatipu, Frankton Arm, The Remarkables, Queenstown Hill, and Ben Lomond to the west, along with all day sun.
Spanning 1,373 sq m (more or less) of freehold land, the property includes a modest 102 sq m dwelling featuring three bedrooms and one bathroom, which is currently tenanted.
Located in the desirable Kelvin Heights area, this site presents an outstanding opportunity for those seeking to secure a prestigious address. Prospective buyers may consider building a stunning new residence or pursuing comprehensive development, as the current owners have recently obtained resource consent for a four-lot subdivision.
Kelvin Heights is known for its appealing lifestyle and excellent amenities, with easy access to the lake, scenic walking trails, and a short drive to Remarkables Primary School, Wakatipu High School, Frankton Shops, and the Remarkables Ski Field.
This property offers an exceptional canvas for building a luxury home or a boutique development, making it a valuable addition to any portfolio.
With the groundwork completed and resource consent in place, this opportunity should not be overlooked.
For further information, please contact Ben or Justine.
* Boundary lines are indicative only.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 1.27 km | 3 | 155m2 | 2024 10 26 | $1,505,000 | Council approved | ||
 | 0.80 km | 4 | 3 | 261m2 | 2024 10 11 | - | Council approved | |
 | 0.76 km | 4 | 153m2 | 2024 10 07 | $2,750,000 | Council approved | ||
 | 1.30 km | 6 | 280m2 | 2024 09 26 | $2,600,000 | Council approved | ||
 | 0.92 km | 4 | 246m2 | 2024 09 02 | $2,860,000 | Council approved |