The second stage of a 60-lot Glenorchy subdivision offers some of the Wakatipu’s cheapest sections.
The seven Shiel Street sections range from $299,995 to $325,000, and in line with Glenorchy township rules they’re all at least 800 square metres – ranging up to 1067sqm.
Twenty-one of the 23 sections in the first stage are under contract, pending the issue of titles.
They’ve sold, on average, in the mid-$300,000s.
The subdivision, on the corner of the Oban Street entrance to Glenorchy, and Shiel St, is the last of this size in the township zone.
It’s bounded to the south by Bible Face – a protected feature in the district plan abutting Bible Terrace, which is part of Wyuna Station.
Wyuna Station’s owners – Queenstown developer John Darby and American Tom Tusher, who owns the nearby Blanket Bay lodge – are also the developers of this 11-hectare subdivision, under the company Glenorchy Trustee Ltd.
It’s also been designed by Darby’s planning/design/project management consultancy, Darby Partners.
Bayleys Queenstown executive director Stacy Coburn, whose company’s marketing it, says section sales to date have been very successful, “and I guess are filling a hole in the market with cheaper sections”.
“We are getting a lot of interest from people in Queenstown who are finding the town’s changed so much and got so busy that they are looking for that reprieve, or little bolthole, somewhere else.”
Later stages, he says, will offer more elevated sites with views over to Lake Wakatipu and the Rees River.
The subdivision, already under construction, is essentially being developed around the curvature of Bible Face, which rises about 30 metres.
The resource consent approval – issued last October – notes that Glenorchy Trustee Ltd is vesting this “iconic landmark” with the council as a reserve.
Under ‘effects on landscapes’ it states: “Of most importance to the community will be the protection of Bible Face.
“It is interesting to note … that many members of the Glenorchy community are [incorrectly] of the understanding that the council is actually the owner of this land.”
The landscape provisions include dry stacked stone walls with post and rail fencing at both the Oban and Shiel St entrances to the subdivision.
Native kowhai trees with tussock ground cover will also be planted at these inter-sections.
With Glenorchy still not having a town sewerage scheme, home owners have to provide their own wastewater disposal system.