21ha Development opportunity to shape the future


Lot 1, Rocky Point, Bendigo-Tarras, Cromwell

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21ha Development opportunity to shape the future | Lot 1, Rocky Point, Bendigo-Tarras, Cromwell | 4520928 |      X Close
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21ha Development opportunity to shape the future


Tender date extended to 14 October 2021 due to Covid. Lot 1, Rocky Point at Bendigo with approximately 21ha available for development of more intensive housing and/or commercial development/retirement village, this property offers a one-of-a-kind opportunity for investors looking to develop this area. In an expansive 68.6ha parcel of freehold land situated amidst the rugged landscape of the Bendigo foothills on the eastern side of Lake Dunstan. Located just 30 seconds' drive from the corner of State Highway 8 down Bendigo Loop Road, gives it an incredible access advantage and only 15 minutes by car from Cromwell.

Cluster housing in this location is allowable within the rules of the Central Otago District Council's district plan, so investors can be confident in the opportunity that this site presents. Given the rarity of a site like this, investors would be wise to act quickly on Lot 1, Rocky Point; the uniqueness of a site of this magnitude, in this location, with this much potential, cannot be understated. This opportunity is unlikely to be repeated.

The site's unobstructed north west views of Lake Dunstan and the Pisa range, as well as the uniqueness of its locale, mean any housing/accommodation/lodging that is developed here will be highly marketable to the masses of buyers who look to secure rural housing in Central Otago and the Lakes District each year.

Add to this, the services that the nearby centres including Cromwell (15 minute drive), Wanaka (35 minutes), Gibbston Valley (36 minutes), Arrowtown (46 minutes), and Queenstown Airport (55 minutes) provide. Also around an hour's drive to Cardrona Alpine Resort and Coronet Peak ski fields. Enjoy a range of good schools, wineries, extreme sports/adventure attractions - and the future upside potential of a development in this area seems boundless. Price - plus GST (if any)

Doug MacGillivray

Cromwell

Licensed under the REA Act 2008

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Lot 1, Rocky Point, Bendigo-Tarras, Cromwell

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Doug MacGillivray

Cromwell

Licensed under the REA Act 2008

View profile