A large-scale landholding in the picturesque Central Otago town of Roxburgh is being presented to the market for sale offering developers the opportunity to secure a premier location for their next major project.
217 Scotland Street, Roxburgh is a 10.8248ha freehold site that is spread across three separate titles and is predominantly zoned for residential use.
The property currently has a small orchard on-site and a 150sq m three-bedroom home that could provide holding income as the new owner works through the planning phases of any future developments.
Located at the southern end of Roxburgh with road frontage to Scotland Street, the property is moments away from local businesses, educational facilities, and eateries.
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Roxburgh, home to New Zealand’s longest running cinema that has been in operation since 1897, is 41km from Alexandra, 48km from Clyde, and within 130km of Queenstown and Dunedin’s airports.
The subject site sits across from the Roxburgh Golf Club and the Roxburgh Rugby Football Club, while there’s a range of recreational activities that are readily accessible in the surrounding area, including hiking, biking, and water skiing.
The legendary Jimmy’s Pies, well-known throughout the South Island and made with an age-old secret recipe passed down through generations, is based in Roxburgh.
Colliers Rural Sales Advisors Ruth Hodges and Greta Mason have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Friday 16 December, unless sold prior.
The property is currently home to Johnson’s Cottage Orchard and Fruit Stall, a small family orchard that has been growing fruit for over 100 years.
A variety of fresh fruit, delicious homemade condiments and preserves, dried fruit, nuts, and other local produce are sold from the roadside stall, offering an alternative source of income until resource consent is approved and subdivision works begin. The vendor would potentially consider a short-term leaseback arrangement.
Hodges, Director of Colliers Rural in Queenstown, says with the ability to secure holding income through the orchard and existing house at the property, the new owner will be able to strategically plan their future moves to maximise the value of this outstanding offering.
“Approximately two-thirds of the site is zoned Residential Resource Area with the remaining third zoned Rural Resource Area, and part thereof in a Significant Amenity Landscape (SAL) area,” Hodges says.
“Subdivision development is subject to resource consent approval under the current Central Otago District Plan. The site has been previously approved for a subdivision development for 55 sections but that has since lapsed.
“The property has accessibility to all available services, including power, water, sewerage, and fibre. The Roxburgh Area School, which has students on the roll from Year 1 to 13, is nearby.”
Mason, Rural Sales Advisor at Colliers Queenstown, says Central Otago has seen significant growth in recent years as people have sought the laidback lifestyle or frequented the area on holiday.
“Central Otago is characterised by the lowest rainfall in New Zealand regardless of season. It also has low humidity, a good number of sunshine hours, and consistent weather systems with hot, dry summers and cold, frosty winters,” Mason says.
“There’s a wide range of appealing outdoor activities on offer in Central Otago and with Lake Roxburgh on the doorstep future residents will be perfectly located for fishing, boating activities, and water sports. There’s also Perkins Pond (a private pond) south of Roxburgh, where the On Edge Waterski & Wakeboard Club offer single lessons and one-day packages, as well as weekend and week-long camps during the summer months.”
- Article supplied by Colliers
