Prime residential Development Land - with Resource Consent in hand.
Colliers presents an exceptional opportunity to purchase 115-121 Milton Street, The Wood.
The Wood is prime Nelson. Flat land offering superb amenity in all respects. Walking distance to the most popular cafes, and into the Nelson CBD. Linking into the cycle network to access everything Nelson and Tasman are revered for.
Within easy walking distance we have early learning centres and kindergartens, primary schools and some the city’s finest parks and pool complex. A short distance to the two premier secondary schools with the marina and harbour are close by.
A superbly located 3534sqm block with residential zoning, consent granted for high density, with a holding income and ready to develop.
Resource consent has been granted to subdivide the block into 19 freehold allotment and two shared access allotments.
The resource consent provides for the establishment of a Comprehensive Housing Development comprising 19 residential units contained within three two story terraces.
In total the site is proposed to contain fourteen 3-bedroom apartments, three 2-bedroom apartments with studies, and two 2-bedroom apartments. All four apartment blocks will be consistent in appearance, with the same combination of metal roofing, and aluminium and timber cladding used throughout, but with variations in detailing.
The plan includes 32 on-site car parking spaces.
The current improvements are leased at $120,000pa providing a holding income.
Contact Geoff now to find out more.
*land areas are approx. only
Features:
* 3534sqm prime Nelson land
* RC just issued with seven years duration
* 19 units planned in three terraces
* Holding income in place
* Corner site
