Positioned at the rear of the established Haddin Apartments complex at 69 Maxwell Road, this separately titled approximately 400m² parcel of land presents an opportunity to secure a development site in a central Blenheim location.
Described on the title as Future Development Unit 100, Deposited Plan 553080, the property provides purchasers with the flexibility to consider a range of future uses rather than being tied to one particular investment strategy.
For an investor, the site could potentially be developed to complement the existing accommodation operation at Haddin Apartments, providing additional short-term or longer-term accommodation.
Alternatively, purchasers may wish to investigate residential development, create accommodation for an owner or manager, develop and subsequently sell, or simply secure the land now and hold it for the future.
For an owner-operator purchasing the wider Haddin Apartments operation, the site could also provide an interesting opportunity to investigate the construction of a separate owner's residence while retaining the existing apartments for accommodation purposes.
Importantly, the land is separately titled, giving it value as an asset in its own right and providing flexibility around future ownership, development and potential resale.
With established residential and accommodation activity immediately alongside it and Blenheim's CBD, shops, cafés, restaurants and services within easy reach, the location adds another dimension to the opportunity.
Develop it. Hold it. Add accommodation. Create a residence. Or secure it now and decide later.
For developers, investors and owner-operators looking for a central Blenheim site with options, Future Development Unit 100 is well worth investigating.
Any proposed development, subdivision, change of use or accommodation activity is subject to the purchaser undertaking their own due diligence and obtaining all necessary council, regulatory and other approvals.
