78 Park Terrace, Christchurch Central, Christchurch

The Best Development Address in Town

UNDER OFFER

- Magnificent 5,082sqm corner site
- 103 Unit Entitlements
- L4C zoning
- Permitted build height to 14 metres
- GST claimable by registered purchaser
- Potential for hotel

Central Park, Hyde Park or Hagley Park; regardless of the city, a park-side, metropolitan address unquestionably signifies a premium and unrivalled location for high end accommodation. This prime, central city location, opposite the willow lined and picturesque banks of the Avon River, offers not only panoramic vistas across the park to the Southern Alps but also comfortable walking to the myriad of recreational activities available nearby - be it the Botanical Gardens, golf, shopping, dining or the pursuit of cultural appreciation. Everyday convenience and practicality is afforded by the desirable proximity to Christchurch Hospital, private schools and the newly emerging CBD.

Whether this property becomes an exclusive apartment development, an executive single or multi-unit residence or a top rated hotel, its unique aspects will ensure interest will be high from those who wish to seize this exciting opportunity along with those who will eventually live or stay here.

The property enjoys a significant corner profile with a Park Terrace frontage of 60m and a Salisbury Street frontage of 70m. Access is gained from Peterborough Street through a 20m wide driveway.

The Living 4C Zone is characterised by a variety of residential; environments of special residential character, amenity and coherence. These range from the large scale character homes and mature planting in the central city west to the medium to small lot sizes and small cottage styles in the Avon Loop, Moa and Victoria areas. Medium high density is prescribed throughout the zone and environmental standards ensure that each development is compatible to the area, however exceptions may be made on specific sites which serve a strategic function.