Blue Chip Development Site

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Blue Chip Development Site

176 Gloucester Street, Christchurch Central, Christchurch City

Savills is extremely proud to present to the market this tightly held blue chip development site for sale - price by negotiation.

Positioned on the strategic, north-facing corner of Gloucester and Manchester Streets, this commanding 404m² (more or less) site offers an unrivalled opportunity in the very heart of Christchurch’s central city and is a genuine prized development site. Perfectly located at the midpoint between the highly anticipated Christchurch Stadium and the vibrant city centre, this site benefits from exceptional exposure and convenience.

Key details:

404m2 (approx.) land area

North-East corner site

Overlooking the Margaret Mahey Playground

Eligible for buildings up to 15 stories in height

$68.4k plus holding income

City Centre Zone

Midway point between Stadium and Conventional Centre

Surrounded by key city attractions, the property sits within immediate proximity to the Performing Arts Precinct, the international award-winning Christchurch Central Library, and the iconic New Regent Street — one of the city’s most beloved tourist destinations.

Zoned City Centre Zone, the property is directly opposite the thriving East Frame and enjoys flexible development parameters under the Christchurch District Plan. Permitted uses include high-density residential, hotels, office space, retail, and car parking — with eligible developments allowed up to 15 stores in height the uses are vibrant and vast.

Adding to the site's appeal, the current holding income of $68,400 plus p.a. from an established car park lease provides a strong interim return while planning future development.

This is a rare chance to secure a high-profile site with outstanding potential in one of New Zealand’s fastest growing and most innovative urban centres.

Please enquire with us now to avoid disappointment.