Enquiries over $400,000
This greenfield development section is one of just a handful of options left to develop near the city centre, on a site zoned for high density.
Facing north, the 614 sqm (more or less) section slopes down away from the road and the elevated position gives way to pleasant tree lined views across the valley, and even up the Otago Harbour in an easterly direction. Any development will gain all day sun to warm up the units or dwelling you choose to construct.
The development allowance is for 13 bedrooms on site under the ‘Inner City Residential’ zoning, with the potential to increase to 20 rooms at the Council’s discretionary approval and Resource Consent in place. Multiple dwelling buildings of one and two bedroom units have been popular with tenants and occupiers and this configuration has proven successful for investors.
The location behind the CBD offers short transits to work for professionals and even discerning older students prefer these quieter areas to complete their post-graduate studies.
Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.
Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.