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.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 3 | 1 | 88m2 | 2024 12 18 | - | Council approved | |
 | 0.42 km | 4 | 2 | 240m2 | 2024 11 01 | $1,975,000 | Council approved | |
 | 0.33 km | 2 | 112m2 | 2024 10 23 | $867,500 | Council approved | ||
0.40 km | 3 | 166m2 | 2024 09 17 | $1,100,000 | Council approved | |||
 | 0.09 km | 6 | 1 | 89m2 | 2024 08 05 | $1,520,000 | Council approved |