Rare main street development with holding income

20 Conical Hill Road represents an unrivalled main street development opportunity in a thriving tourist destination that is difficult to find anywhere in New Zealand. Featuring:

• 1,751sqms freehold and fully ‘Business’ zoned
• Huge profile, with over 30m of main-street frontage
• Located adjacent to a nation-wide hotel chain and two well established retail hubs
• Only 250m away from the internationally renowned Hanmer Springs Thermal Pools and Spa
• Outstanding vehicle and foot traffic exposure
• Maximum build height of 9m, potentially allowing for two level development

The property includes one large single level building which is divided into a retail premises, an office and a large workshop. This is fully leased to an anchor tenant until 2028 (with additional rights of renewal) and is currently returning $63,473 + OPEX + GST per annum. Adjoining this is a takeaway pizza outlet, providing additional income, plus a large vacant section of land ripe for further development.

Hanmer Springs is a unique alpine village that has key attractions such as the Thermal Pools and Spa, extensive outdoor/adventure activities, as well as a range of shopping and dining options. This pristine area attracts hundreds of thousands of local and international visitors every year, and is recognised as one of New Zealand's premier holiday destinations.

This incredible location demands your attention!
Make 2026 your year - call today for more information and to arrange your viewing appointment.

Sold ‘Plus GST (if any)'

Disclaimer: Some of the information relating to this property has been sourced from Property Guru and we have not been able to verify the accuracy. We advise purchasers to make their own independent inquiries.