46 Man Street, Queenstown

3 Bed | 1 Bath | 190 sq m Floor | 720 sq m Land

Deadline Sale: Closes 4:00 p.m. Thursday 12th December 2024 (unless sold prior)

Lakeview High Density

Available for the first time in almost forty years, this high density central Queenstown property presents an exceptional opportunity for future development with sweeping lake views and adjacent reserve frontage.

The Man Street area is rapidly evolving, with multiple approved and proposed high-density developments, including the prominent Te Taumata Lakeview village, which has already seen remarkable pre-sales activity. With a range of proposed hotels and visitor accommodation planned nearby, this location is ideal for investors looking to capitalise on the area's growth.

At 720 sq m, and zoned high density residential, the land currently features a single-level, 190 sq m dwelling with three bedrooms and a single garage. While this home may offer temporary rental income with some maintenance and updates, the true potential lies in redevelopment.

Under the Proposed District Plan (PDP), the site is eligible for residential or mixed-use development with multiple residential units permitted over several stories. If the Queenstown Lake District Council's intensification variation is approved, future development could potentially allow for construction up to 16.5 metres above ground level, maximizing the property's value and functionality.

Adding to the appeal, the Southeast boundary borders Rotary Park, a recreation reserve with mature trees, creating a park-like setting that preserves scenic lake views over Queenstown Bay.

Whether you envision a premium single residence or a high-density apartment complex, this site provides unparalleled potential in a prime location. Don't miss the chance to view this rare offering and explore its future possibilities.

*Boundary Lines Indicative Only