18, 20, 24 Park Street, Queenstown, Otago

A rare opportunity to acquire a strategic land holding of three contiguous freehold titles in Queenstown's coveted and tightly held Park Street precinct. Make your mark in Queenstown by purchasing one (or more) of these sites or the consolidated land holding.

This freehold land holding is zoned Medium Density Residential in the Proposed District Plan (PDP) accommodating several development scenarios. The zoning allows a maximum site density of one residential unit per 250sqm net site area, 45% building coverage and a build height of eight metres.

Park Street, smack bang in the 'dress circle' of Queenstown, has long been a coveted address. Lined with beautiful established trees, bathed in sunshine and directly opposite the iconic Queenstown Botanical Gardens, Park Street is one of the most desirable residential streets in Queenstown, and is an easy 500 metre walk to all the amenity of the Queenstown town centre.

A combined land area totalling 1,644sqm, a wide street frontage and flat contour, make the development potential compelling. A further 1,920 sqm of contiguous land could also be purchased to create a comprehensive development site. The combined 3,564 sqm site has been consented for a three storey apartment development.

The property has benefitted from major infrastructure improvements with both Park Street and The Queenstown Gardens forming part of the Queenstown Town Centre Upgrades project. Significant investment has been made to connect the town centre to the lakefront, improving pedestrian accessibility, promoting cycling and reducing vehicular traffic.

Our vendor is motivated and we have repriced this property to sell. Buy one (or more) of these trophy properties (18, 20 & 24 Park Street). Call or email today for a comprehensive information package.

Sale price is plus GST (if any).

Boundary lines are indicative only.