Mixed Use Development Site

307, Madras Street, City Centre, Christchurch City

By Negotiation

Proposed Usage
Development Site
Land Area
1395.00 m²
Description:
Property ID
1bz3pcp

*UNDER OFFER*

Newly rezoned 'Mixed Use' land, this is an opportunity to securer a 1,395sqm development site within the CBD.

Located just back from the corner of Kilmore and Madras Street, adjacent to the Avon River and a very short stroll to the hugely successful Margaret Mahy Family Playground.

Facts and figures:

- 1,395sqm bare land
- Commercial Central City Mixed Use Zone
- Building height allowance of 14m
- Street frontage of approx. 34.8m
- New title being formed
- Site dimensions approximately 34.8 wide x 40m deep

The owner is underway with the planning of an upmarket Motel complex that will be constructed on the corner site with the main entrance off Kilmore Street.

Purchase price will be plus GST if any.

Favourable geotech report available: 'We conclude that shallow foundations on a reinforced gravel raft are appropriate.' Reference from Geotech Consulting Ltd, dated February 2017.

To download the information pack copy and paste the below link into a new browser:
www.propertyinvestmentchristchurch.co.nz/554657

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City Centre Area