An eight-hectare Christchurch landholding for sale with city and sea views has been tagged a once-in-a-generation residential development opportunity.
Nestled in the picturesque Bowenvale Valley, in Cashmere, the freehold site offers future residents a tranquil setting close to parks, cafes, bars, shops and schools, and within a 10-minute drive of the Christchurch CBD.
On the market for the first time in around 60 years, the bare land on the slopes of Cashmere Hill has been identified by Christchurch City Council as part of an area with flexible zoning designed to boost the city’s housing supply.
Available at a scale ripe for subdivision, the land for sale is expected to have wide appeal among developers and land-bankers keen to secure a sizeable site in one of the city’s most popular residential locations.
The freehold landholding at 108A Bowenvale Avenue, Cashmere, Christchurch, is being marketed for sale through Matthew Heazlewood and Emma King of Bayleys Christchurch.
The property will be sold by deadline private treaty closing on Monday 3 July, unless it is sold earlier.
“This is a once-in-a-generation opportunity for developers or land-banking investors to secure one of the largest residentially zoned bare land properties close to central Christchurch,” Heazlewood said.
“The development possibilities are immense, whether it’s a residential project blending modern living with natural splendour, or a gated community for residents seeking exclusivity and privacy.
“A stone’s throw from the Bowenvale reserve and close to parks, cycling and walking tracks, yet only minutes from the busy city centre, future residents will enjoy a superb blend of serenity and accessibility,” said Heazlewood.
The approximately 8.1-hectare site forms part of the flexible Residential Hills zone under Christchurch’s district plan, an objective of which is to increase the supply of housing in a wide range of types, sizes and densities.
King said the zoning would enable residential developers to create new housing that taps into existing strong demand to live in the area.
“Cashmere is already one of Christchurch’s most commonly searched suburbs for buying properties, with buyers locally and nationally seeking the great school zones, view and everyday convenience.
“The suburb is renowned for its quality of family living, with many great schools, parks and adventure options while being just 10 minutes’ drive from the CBD. There is an abundance of great cafes, bars, and shops within walking distance.
“For a future development at the Bowenvale Avenue site, this adds up to an enviable family-friendly lifestyle within an easy commute of the city centre that is sure to underpin strong residential demand,” King said.