Download Property Files: https://www.wilsonperry.co.nz/property/33a-33b-33c-35-lochee-road-upper-riccarton/
***3775m2 (MRZ) - Rare Landholding In Upper Riccarton***
***No open homes - enquire to discuss***
Site assembly of this scale doesn't happen often in Upper Riccarton, and it's already done for you — a combined 3,775m² (approx.) landholding across four titles, zoned Medium Density Residential (MRZ), ready for the right developers to take on.
Upper Riccarton needs little introduction to anyone who knows Christchurch — but for developers looking further afield, here's why it matters: it sits minutes from Westfield Riccarton (the South Island's largest shopping centre), the University of Canterbury, Christchurch Hospital, and Riccarton Road's retail and transport spine, with fast, direct access to the CBD and the wider state highway network. It's a location that draws steady, resilient demand from students, professionals and owner-occupiers alike — the fundamentals that matter most when you're assessing a market from outside it.
What sets this apart is the scale already assembled across four separate titles — the sort of landholding that normally takes years of separate negotiations to piece together. Extended settlement is available, while the existing dwellings provide holding income as plans are worked through. The property also presents an attractive long-term land-banking opportunity for investors, offering an indicative gross holding yield of approximately 5–5.2%, while retaining the underlying development potential of the land.
In other words, this isn't simply a development play. For the right investor, it offers the opportunity to secure a substantial, strategically located MRZ landholding today, generate income from the existing dwellings, and take a longer-term view on future development or intensification.
For a developer or investor prepared to look past their own backyard, this is the kind of consolidated opportunity worth the trip.
Contact Morgan Perry or Yvette Edlin at Wilson Perry Real Estate for a confidential discussion.
***There is a special land covenant on this development; please contact to discuss***
***Your own due diligence into development feasibility is critical prior to making any offer***
