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506 & 508 Tuam Street, Phillipstown, Christchurch City

Shovel-Ready Development Opportunity

dollar

Deadline Sale

Section
Section
Land area
1179m2
On this page:

Deadline sale

Wednesday
2:00pm
26
Aug

Property details

Listing # IM28937 | Listed on 29 July

A rare opportunity to secure a fully consented, shovel-ready development site, allowing you to commence construction immediately while significantly reducing holding time and development risk.

To view documentation in relation to this property, please copy and paste the link into your web address bar: https://www.propertyfiles.co.nz/property/L42181785

Key Highlights

  • Resource Consent (RC) and Building Consent (BC) already issued
  • Council Development Contribution payable for the entire project is only $43,102.89 - representing a significant saving compared with current contribution levels.
  • Building Consent approved for 10 modern townhouses, comprising:
  • 5 x two-storey units
  • 5 x three-storey units
  • Each townhouse includes:
  • 2 spacious bedrooms
  • 2 bathrooms
  • 1 dedicated onsite car park

Adding further value, the property currently comprises two existing homes, both of which are tenanted, providing an immediate holding income while you finalise your development programme or prepare to commence construction.

The consented development has been thoughtfully designed with a simple and practical building form, helping to minimise construction complexity, shorten build time, and improve overall cost efficiency.

Situated on good TC2 land, the site offers favourable ground conditions for development.

For your due diligence, the Geotechnical Report, Resource Consent, and Building Consent documentation are all available within the property file.

This is an exceptional opportunity for developers and investors to secure a fully consented project with holding income already in place. Skip the lengthy consenting process, benefit from the substantial savings in development contributions, and commence construction when the timing suits your strategy.

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