Income, development, subdivision!
Savills have been exclusively appointed to bring to the market this large multi-faceted Queenstown land holding located at 1 Bowen Street to the open market.
With an income of almost $400k pa, a newly completed consent to spilt into three lots this premier offering moments from Queenstown Central will have a wide appeal.
The terraced site consists of 13,106m2 freehold land with the underlying zoning being split between high density residential and mixed-use business with the later covering most of the offering.
Located some 1.4km from the Queenstown lakefront large land holdings of this scale and proximity rarely come to the market.
Being offered a tenanted investment provisions have been made to terminate leases within 12 months to allow for vacant possession should this be desired.
Primed and ready for development; the tremendous holding income of the bus park and its significant infrastructure may see it remaining and the other two lots developed of sold down.
With a high concentration of surrounding amenities, prominent Gorge Road frontage and close proximity to Central Queenstown all make this locality attractive to potential commercial, hotel and residential uses.
Whether you want to acquire the site to develop, land bank or lease out this is an opportunity that should not be missed and will rarely be repeated.
1 Bowen Street is being offered to the market by way of Deadline Private Treaty closing 4pm, Tuesday 23rd July 2024 (unless sold prior).
Contact the sole agents for further details.
