If you are looking for a development opportunity in a premium location then look no further, you have found it. A 443sqm section zoned L3 (TC2) and residential medium density under the new City draft plan, with an insured 3 bedroom bungalow. The CCC have advised that with the L3 allowances for 80% site coverage this has potential to be a 2 dwelling development site!

To expand on why this is classed as a premium location' firstly it is zoned for both Christchurch Girls and Christchurch Boys High School, Heaton Intermediate, Elmwood School and Ilam School. Satisfying the most discerning school zone seekers. You are also only a moment's walk to Hagely Park, what a beautiful part of Christchurch to live in. For the morning coffee and paper, lunch or a late afternoon drink and dinner you have all the offerings of Riccarton Road, again only a short walk around the corner. The new CBD will also be a leisurely stroll through Hagley park, fantastic.

Whether you are a seasoned developer or someone who has the desire to build their own home this property offers you an opportunity not often available. And even better is the fact that the house on the section allows you to gain a return on your land bank while ponder your plans. Having recently had its EQC work completed, including a new roof, it has had a freshen up and our rental assessment indicates a return of $400 - $430 a week.

Don't think about this too long, our out of town seller will be saying goodbye to this on Auction day! Auction: Thursday 29th May 2014, 6:30pm Ray White Auction Rooms, Northwood Supa Centa (unless sold prior)

Please note our investigations with the Christchurch Council were in no way a guarantee. Any development and building would still be subject to meeting council requirements under the L3 zoning and building and planning requirements or by resource consent and we strongly recommend you undertake your own investigations a