Vacant lot in bustling Tekapo
A prime block of elevated land in Tekapo township, with stunning lake views, can be bought as one large parcel or as three separate sites.
The vacant development site is at 85 D’Archiac Drive, a prime location with extensive road frontage and elevated views.
Marketed by Michael Lough and Marius Ogg of Colliers, the 1.9120 hectares is for sale by Deadline Private Treaty closing March 21.
Given its position and Low Density Residential zoning within the Commercial Visitor Accommodation Precinct, Lough describes it as one of the best tourism-based sites remaining in Tekapo. Its zoning allows for hotel use subject to appropriate consents.
“The site is sizeable enough to accommodate a substantial onsite proposal or, in turn, there is the opportunity to purchase in smaller parcels ranging 3175 to 8235 square metres. Once this site is developed, that potential is lost.
“This is an opportunity for an astute developer or land banker to secure this prime tourism site which has never been previously been offered on the open market,” Ogg said.
“Tekapo is bustling. The tourists are back and it’s been an extremely busy summer for accommodation providers who are currently seeing unprecedented nightly rates and occupancy.”
The site has extensive frontage adjacent to Tekapo-Twizel Road, the main throughfare for the Tekapo township, particularly travelling west through to the popular Central Otago lakes region. It has rear access via D’Archiac Drive to the south east.
It is an easy walk to the southwest of the Tekapo commercial precinct where there are several dining, retail and hospitality offerings. It sits alongside The Cairns 9 Hole Golf Course and Alpine Resort which the Simpson family still own and operate.
Lake Tekapo is in the heart of the Mackenzie Country, a three hour drive from Christchurch International Airport and only a short distance from Aoraki Mt Cook. Multiple attractions, including stargazing, horse trekking, fishing, hiking, biking, skiing, hot pools and an outdoor ice skating rink, make Tekapo a popular tourist destination.
A significant redevelopment site in the picturesque harbour town of Lyttelton in Christchurch is ripe for mixed use commercial and residential premises.
Lyttelton is home to the South Island’s largest port, an eclectic community set to reap the benefits of Canterbury’s continuing growth and prosperity.
Marketed through investment specialists Courtney Doig and Luke Wishnowsky of Colliers, 3–9 London Street is for sale by Deadline Private Treaty, closing March 21.
The bare land is in the heart of Lyttelton’s commercial precinct, on the corner of Oxford and London Streets. The combined holding is under two individual titles totalling 973 square metres. Its north facing frontage to London Street is 37.5 metres with an east facing frontage to Oxford Street of 25.6 metres.
“Now dubbed Collett’s Corner, this is arguably the best address in Lyttelton, and on a prime corner site with a bus stop right outside. Land is tightly held here and this is a prime opportunity for a savvy developer to make a real mark on the town and benefit from the significant commercial opportunities available,” Doig says.
More than a decade ago, the corner was home to Collett’s Pharmacy, Maritime House, the Empire Hotel and more recently Bookkeeping and Beyond, McKay Shipping, Lyttelton Seafoods, NZ Post and Leslie’s Bookshop. The land is contoured sloping away from London Street towards the sea, making it feasible to have four stories on the site.
Zoned Commercial Banks Peninsula, the site was originally earmarked for New Zealand’s first crowdfunded commercial property development comprising 20 apartments with a shared rooftop deck, a wellness centre, and hospitality outlets.
The project was run on a model the organisers called ‘compassionate capitalism’, aimed at sharing wealth and designed following wide community consultation. The plan had Resource Consents in place but rising costs saw it reluctantly abandoned.
“Interested parties may choose to take advantage of the hard work that’s already been completed in terms of planning and design,” Doig says.
Lyttelton is separated from Christchurch by the Port Hills but is also linked to the city, just 15 minutes’ drive away, via Lyttelton Tunnel. The town’s main street houses a range of commercial services, hospitality convenience retail, craft and gift stores.
Next month it will host SailGP for the second consecutive year, after gaining wide acclaim for staging the inaugural event in 2023. This season, running November through to early April, 79 cruise ships are scheduled to arrive in Lyttelton.
Every Saturday hundreds of people flock to the Lyttelton Farmers Market which has been running for 18 years and attracts up to 50 stalls. The area is a mecca for hiking, biking, and water sports, all with stunning views over the harbour.