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PRIME LAND OVERLOOKING QUEENSTOWN FOR SALE

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November, 2017

A 9.5ha block of land on Queenstown Hill, owned by the Queenstown
Lakes District Council, is for sale.
Council communications and engagement manager Naell Crosby-Roe said
in a statement this month the council had decided to sell the
Commonage Development block, above Vancouver Dr, subject to
receiving a 'suitable offer'.
Central Government provided freehold land to the council through the
Queenstown Reserves Vesting and Empowering Act 1971 to help fund
infrastructure in the region.
The 1976 gift of 100 acres - about 40ha - of Crown land had been
developed and sold over the years to fund district water and sewerage
schemes.
The 9.5009ha block the council wants to sell is the 11th and final stage
of the council's lucrative commonage development.
Previous subdivisions on Queenstown Hill had provided residential
development in Edinburgh Dr, Manchester Pl, Belfast Tce, Kent St and
Vancouver Dr.
No-one from the council responded to requests from the Otago Daily
Times for further information yesterday. Questions included what the
land's capital value was.
It is understood 9ha of it used to be part of 70ha of wilding pine-
infested Crown land.
In 2015 the council did a land swap with the Department of
Conservation, exchanging the 9ha with a 6ha site the council owned
above the Commonage Villas on Kerry Dr - a deal 13 years in the
making.
The council was now seeking proposals from 'suitably qualified and
experienced real estate agencies/agents' to market the land on the
council's behalf.
The marketing campaign was expected to begin this month and
conclude early next year.
'Income derived from any eventual sale will be used to fund council's
forward capital plan,' the statement said.
Marketing tenders close at 9am on November 28.

Source: ODT