Queenstown - Queenstown 37 Gorge Road and 118 Hallenstein Street, Queenstown, Queenstown, Otago 9300

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Sold

Prime site, huge potential

One of Queenstown's most sought-after positions for development, this 933sqm site sits across two titles and is zoned high density residential. Neighbouring both Gorge Road and Hallenstein Street, the iconic addresses invite the construction of properties to take advantage of the potential, or alternatively offer a land bank for the future with solid holding income from three dwellings.

37 Gorge Road is a 465sqm site with a six bedroom, two bathroom 110sqm home onsite, situated within established gardens. The property is currently tenanted.

118/118B Hallenstein Street is a 468sqm site with dual two bedroom dwellings onsite, one with a garage. The site captures the in-demand views down to Lake Wakatipu and downtown Queenstown and across to the surrounding mountains.

The lucrative, in-town location is a key area of urban renewal, with a number of nearby projects demonstrating developer confidence. The properties are available for purchase as a package - planner's reports and LIM are on file to assist purchasers in unlocking the value of the site.

Boundary indicative only.

• 933sqm landholding across two titles
• Key downtown location with huge potential
• Short walk to Queenstown's shops, restaurants and lake
• Three rented dwellings across the two sites, currently generating strong returns

Auction Wednesday 11th November 2020 from 12noon, Colliers International, Top Floor, 10 Athol Street, Queenstown. Unless sold prior.

View ebook here: bit.ly/2GTzirR

Property Details

Ref

  • 20577978

Property type

  • House

Floor area

  • 270 sqm

Land area

  • 933 sqm

Location 37 Gorge Road and 118 Hallenstein Street, Queenstown, Queenstown, Otago 9300

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Stephen Hebbend

Director / Sales consultant

Queenstown Office

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Sophie James

Sales consultant

Queenstown Office

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