A large chunk of land near central Queenstown remains on the market after 18 months despite favourable zoning.
Broadview Rise looks like a developer’s dream - 3.2 hectares of land in Fernhill, close to town, spectacular views and zoned for both low-density residential and visitor accommodation.
But with a $14.95 million price tag, it hasn’t sold despite the resort’s housing and development boom.
Real estate agent Steven Kirk of BayleysLocations Queenstown, says that price is “up there”.
“It hasn’t gone yet but we’re working on it. There’s obviously more interest with lots like that at the moment due to the market.”
The site has overseas owners.
The listing says it’s an extra-ordinary opportunity to purchase one of Queenstown’s “premier development opportunities”.
It’s perfect for high-end residential subdivision, hotel/resort-style development, retirement village, apartment/townhouse complex, or a stunning home.