Opes Real Estate is pleased to present three neighbouring lots at 28, 32 and 34 Frederick Street, Waltham, Christchurch.
With the option to buy one or two titles individually, or all three as a single land parcel comprising 2,285sqm of freehold land, this opportunity to acquire a substantial holding in an up and coming suburban location just outside the Four Avenues should not be overlooked.
This opportunity provides scope for a residential development in a well-situated, high-amenity location. Situated two minutes’ walk from main local arterials – Ferry Road and Ensors Road – the properties benefit from a location on a quiet side street in a well-established residential neighbourhood, yet moments away from bus stops, parks, schools and shops. The junction of Moorhouse and Fitzgerald Avenues, demarcating the south-eastern boundaries of the Christchurch central city, is only one kilometre away, underpinning the value of the land in this area into the future.
Zoned Residential Suburban Density Transition (RSDT), which allows for redevelopment at higher densities than standard residential suburban zoning, these properties are poised to play host to a well-considered, multi-unit residential development. Such a development would help set a new quality standard for housing in this area and kick off a widespread trend towards gentrification of this highly attractive location, positioned between the Christchurch central business district and the affluent south-eastern and eastern suburbs. Why wait for prices to catch up – the time is now to capture potential future value uplift and lead a transformation in this key suburban location.