A prime block of elevated land in Tekapo township with stunning lake views could be bought as one large parcel or as three separate sites.
The vacant development site is at 85 D’Archiac Drive, a prime location with extensive road frontage and elevated views.
Marketed by Michael Lough and Marius Ogg of Colliers Christchurch, the 1.9120ha landholding is for sale by deadline private treaty, closing 21 March.
Given its position and Low Density Residential zoning within the Commercial Visitor Accommodation Precinct, Lough describes it as one of the best tourism-based sites remaining in Tekapo. Its zoning allows for hotel use subject to appropriate consents.
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“The site is sizeable enough to accommodate a substantial on-site proposal or, in turn, there is the opportunity to purchase in smaller parcels ranging from 3,175sq m to 8,235sq m. Once this site is developed, that potential is lost,” Ogg says.
“This is an opportunity for an astute developer or land banker to secure this prime tourism site which has never previously been offered on the open market.
“Tekapo is bustling. The tourists are back and it’s been an extremely busy summer for accommodation providers who are currently seeing unprecedented nightly rates and occupancy.”
The site has extensive frontage adjacent to Tekapo-Twizel Road, the main throughfare for the Tekapo township, particularly travelling west through to the popular Central Otago lakes region. It has rear access via D’Archiac Drive to the south-east.
It is an easy walk to the south-west of the Tekapo commercial precinct where there are several dining, retail, and hospitality offerings. It sits alongside The nine-hole Cairns Golf Course and Alpine Resort which the Simpson family still own and operate.
Lake Tekapo is in the heart of the Mackenzie Country, a three-hour drive from Christchurch Airport and only a short distance from Aoraki/Mount Cook.
Multiple attractions, including stargazing, horse trekking, fishing, hiking, biking, skiing, hot pools, and an outdoor ice skating rink make Tekapo a popular tourist destination.
- Supplied by Colliers
