387A Frankton Road, Queenstown, Queenstown Lakes

Lakefront development opportunity

Long-term owners have decided to offer this prime high-density development site to the market.
Situated adjacent to the well renowned Rees Hotel Complex, this 1418sqm site (more or less) is a rare find and ideal for investors or developers.
With lake-front position down to the Frankton walking track combined with high-density zoning, options are plentiful for further enhancement.
Current owners have building consent in place for a three-level apartment complex containing four apartments and basement parking. Approximately eighty percent of ground works have already been completed making it easy to get started.
A topographical site plan and other detailed information is available on request.
This property is being sold via deadline sale on the 15th of March, 2019 if not sold prior (price plus GST if any).

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