SIGNIFICANT RESIDENTIAL SUBDIVISION

Belfast Road Christchurch Surrounds

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About the property

The property is approximately 9km north of the Christchurch CBD located just off the Main North Road and State Highway 1. It is a significant residential subdivision with supporting commercial zones as set out in Plan Change 43, currently under appeal.
The proposed rezoning will assist to fulfill a strong market demand for residential sites, supporting Christchurch.

• Vendor - Belfast Park Ltd and Tyrone Estates Ltd currently in receivership and liquidation
• Approximately 62.5 hectares of land currently in 8 titles
• The approved Plan Change 43 is subject to appeals
• Primarily residential with commercial buffer
• Approximately 640 residential lots

Sales Process
The sales process will involve 2 stages:
Stage 1: Qualified purchasers will have until 18 November 2011 to undertake due diligence and to present their offers
Stage 2: The vendor will deal with selected offerors with a view to concluding a confirmed sale within a further period of 3 weeks

Location

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