Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and EditorialLive Auctions

Queenstown

387A Frankton Road, Queenstown, Queenstown Lakes

Watchlist
Share
Sold
Slide 1 of 7
1 OF 7
4480393_1.jpg
4480393_2.jpg
4480393_1.jpg
4480393_2.jpg
4480393_1.jpg
4480393_2.jpg
1,418sqm Land area SQM

Asking Price NZ$1,950,000

Lakefront development opportunity


Long-term owners have decided to offer this prime high-density development site to the market.
Situated adjacent to the well renowned Rees Hotel Complex, this 1418sqm site (more or less) is a rare find and ideal for investors or developers.
With lake-front position down to the Frankton walking track combined with high-density zoning, options are plentiful for further enhancement.
Current owners have building consent in place for a three-level apartment complex containing four apartments and basement parking. Approximately eighty percent of ground works have already been completed making it easy to get started.
A topographical site plan and other detailed information is available on request.
This property is being sold via deadline sale on the 15th of March, 2019 if not sold prior (price plus GST if any).

Click here to take a 3D Tour or copy and paste this link into your browser: https://vimeo.com/bayleys/review/318600193/b56932d251

Stacy Coburn

Stacy Coburn


Queenstown and Southern NZ Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Gav Castles

Gav Castles


Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Edward  Nevrivy

Edward Nevrivy


Queenstown and Southern NZ Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Consented


Current building consent in place

Developer ready


Majority of earthworks completed

Location


High density zoning, close to resort town

Views


Prime waterfront position