A rare subdivision release in Queenstown’s blue-chip Kelvin Heights subdivision features generous-sized sections.
The first nine of 17 lots, comprising The Peninsula, are on the market from $900,000 to $1.3 million.
Sections range from 1514 square metres to 2052sqm.
The subdivision’s been developed by the family of the late Frank Mee, who died in February.
The exclusive agents are Gerard Bligh and Hadley van Schaik from New Zealand Sotheby’s International Realty’s Queenstown branch.
Bligh notes the sections are “particularly large for a residential subdivision”.
“The standard sort of postage-stamp sections are around 800sqm so these are basically double.
“Because of the size you can build quite a spacious home or a more modest home with grounds and gardens.”
Van Schaik believes the views are the key selling point.
“You get a spectacular 180 degree panoramic view from Walter Peak right round to the Crown Range.”
Bligh adds: “We’ve sold a lot of properties on the lake – people love the idea of it, but when you come up a little bit higher, the views are much better.”
He expects The Peninsula to appeal to a mix of holiday home and family home owners. One section is already under contract to an international buyer.
Bligh says titles are due in about three weeks, meaning buyers don’t have to wait ages before they can start building. He and Van Schaik expect good interest given it’s a long time since greenfields Kelvin Heights land has been released. The duo, who both live at Kelvin Heights, have already sold eight properties in the subdivision this year, seven of them on Peninsula Road.
In the past, this sun-soaked suburb has ranked as one of NZ’s dearest.