Significant Income and Development Site


442 Lower Queen Street, Richmond

By Negotiation

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Significant Income and Development Site | 442 Lower Queen Street, Richmond | 4020348 |      X Close
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Significant Income and Development Site


Opportunity here is on many levels with many possibilities. The Queen Street Holiday Park is well established with a significant income and is sited central to the fastest growing Commercial and Residential development area in the top of the South Island.

This opportunity is second to none in this region. Incredibly there are more ways you could increase the significant income already in place and you will always have the many options for future subdivision. This development site will pay its way forward!

Richmond west development plan is moving ahead at pace. The adjoining development of approx. 15 hectares includes a significant road that creates approximately 140 metres of new road frontage to this site including a new access road into the rear.

Nearly all 26 sites on the adjoining subdivision are sold. Over the road a large retirement village is under construction. Further toward Richmond will see a 4-bay car wash, new service station, bulk retail site and the completion of an 800 residential section development, now in late stage sales.

The Motorhome and Caravan Park is home to longer term residents and offers overnight facilities of a very high standard. Also operating on the Lower Queen street side is a Caravan / Motorhome sale yard with office and secure fencing.

The site includes; A two-bedroom home and office / reception. A near new Motel unit. A single room self-contained unit. A two-bedroom home with large workshop. Toilet blocks with showers, laundries and kitchen. A Motorhome waste disposal dump station, among other significant infrastructure.

Price indication. Approx $200 per square metre inc the business which represents approximately 10% gross return with potential to add income. Further information and financial records are available on request on signing confidentiality agreement.

Call me to discuss the exception growth and development around this site.

For further information or to view.

Contact Iain today!

442 Lower Queen Street, Richmond

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