Available PropertyFiles:

  • /Consents and Plans/
    • 230398 Decision.pdf
    • Bannockburn 2026 Terrace Street Development Plan.pdf
    • Decision No. [2026] NZEnvC 26.pdf
  • /Information Memorandum/
    • Information Memorandum - Bannockburn.pdf
  • /LIM Reports/
    • LIM Report - Bannockburn Road.pdf
    • LIM Report - Terrace Street.pdf
  • /Records of Title/
    • 474127_Title_Search_Copy.pdf
    • OT16B_1179_Title_Search_Copy.pdf

Property Description

A larger vision for Bannockburn

• 25.95ha (more or less) across two freehold titles
• Resource consent for 20 residential sections on a portion of the site
• Large Lot Residential zoning
• Exceptional Bannockburn location close to Cromwell and Lake Dunstan
• First time offered to the market in nearly 50 years

A rare opportunity to secure 25.95ha (more or less) across two freehold titles in the heart of Bannockburn. Zoned Large Lot Residential and with resource consent in place for 20 residential sections, the property provides an established pathway for a premium residential development defined by space, privacy and landscape.

Surrounded by vineyards, historic goldfields and the Carrick Range, yet just minutes from Cromwell and Lake Dunstan, 88 Terrace Street combines scale, location and development potential in one of Central Otago’s most distinctive lifestyle destinations.

With Cromwell and the wider Central Otago district continuing to grow, the property is well positioned to capture demand for high-quality, low-density living while retaining the openness and character that make Bannockburn unique.

Offered to the market for the first time in almost 50 years, this is an opportunity of genuine scarcity.

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Terms of Supply

By accepting “the information” contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information has been made available. This information has been prepared by Whalan and Partners Limited, trading as Bayleys (“Bayleys”) as agent for “the Vendor”. The information contains information that is publicly available, and/or sourced from third parties (and/or the vendor) and capable of independent verification. It has been prepared solely to assist interested parties in deciding whether to further their interest in the Property and Whalan and Partners Limited is acting as a conduit and merely passing this information over. Prospective purchasers must not confine themselves to the contents of the Information but should, in conjunction with their professional advisors, make their own evaluation of the Property and conduct their own investigation, analysis, and verification of the data contained in the Information and otherwise concerning the Property. Such evaluation should extend to and include whether there has been a change in the affairs or prospects of the Property since the date of the Information or since the date as at which any information contained in the Information is expressed to be applicable. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgment and contrary to the recommendation of the agent. Bayleys and the Vendor have not verified any of the detail contained in the Information and Bayleys and the Vendor make no representation or warranty as to the accuracy or completeness of the information and neither Bayleys nor the Vendor accept and/or shall have any liability whatsoever for the accuracy of any part of the information including any liability for any statements, opinions, information or matters (expressed or implied) arising out of, contained in or derived from the Information, or any omissions from, or failure to correct any information, or any other written or oral communications transmitted to any recipient of the Information in relation to the Property. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from at any time. Whalan and Partners Ltd, Bayleys. Licensed under the REA Act 2008.

Contact Jesse Paenga

Whalan and Partners Ltd, Bayleys,

Licensed under the REA Act 2008

027 764 4748   027 764 4748   jesse.paenga@bayleys.co.nz   All Listings

Starting in commercial real estate in 2014, Jesse was driven by a deep-seated passion for property investment and since then, has forged an impressive track record marked by notable achievements such as orchestrating Christchurch’s largest-ever transaction valued at $77 million and securing leases for major central city establishments including Hoyts and H&M all whilst exceeding sales of $300 million.

Armed with a Bachelor of Commerce degree with first-class honours from Otago and Canterbury Universities, Jesse has honed his skills across diverse sectors within the industry. From office and retail leasing to project leasing for prominent CBD retail developments, and from investment sales to capital markets, Jesse's multifaceted background ables him to provide nuanced insights. His keen ability to accurately gauge market rents and assess a property's future lease-ability and value proves invaluable to both vendors and purchasers.

Drawing from his personal experiences as an investor and hands-on involvement in property development, Jesse possesses a unique knack for analysing opportunities from an investor's perspective. His proficiency in uncovering hidden gems within deals, coupled with his adeptness at aligning opportunities with clients' needs and future potential, sets him apart.

Committed to keeping his clients ahead of the curve, Jesse stays ahead of market dynamics and fundamentals, including debt funders' appetites, interest rates, vacancy rates and rental trends. By leveraging these insights and knowledge, he equips his clients with foresight into market movements, ensuring they identify and gain early access to deals.

From his experience in the post-earthquake environment in Christchurch, Jesse considers the most exciting part of property to be the positive impact a new development or refurbishment can have on the cityscape. In his role as Bayleys Director of Capital Markets & Corporate Leasing, Jesse remains dedicated to serving the Christchurch market and the Otago/Southland commercial sector, offering first-hand expertise tailored to his clients' unique needs.

Outside of work Jesse’s young son keeps him busy. He also likes to go to the gym and spend time in the outdoors including hunting.

Contact Henry Napier

Queenstown and Southern NZ Realty Ltd

Licensed REAA 2008

+64 3 450 0200   +64 21 024 64785   henry.napier@bayleys.co.nz   All Listings

Henry Napier is an Associate Director at Bayleys Queenstown and Cromwell specialising in Commercial, Industrial and Development Land sales.

Since joining Bayleys in 2016, Henry has transacted over $100m worth of commercial, industrial, and development land assets throughout New Zealand.

He now specialises in investment and development land sales equipped with a deep knowledge of the intricacies of the Queenstown and wider Central Otago market.

This blend of experience and results has produced a notable track record of record prices and yields and a reputation for being able to conclude complex and challenging transactions.

Covering commercial, industrial, development land, master planned developments, sales & leasing. If you have property requirements in these categories, get in touch with Henry.