A 10-lot rural lifestyle subdivision in Central Otago is available for wholesale purchase, presenting investors with the chance to take advantage of the approved resource consent and unlock the development’s true potential as it moves to the next stage.
The Bendigo Hills Estate is strategically located on Lakefront Terrace and Tarras-Cromwell Road in Bendigo.
Bendigo is approximately 75km from Queenstown and 45km from Wānaka. Cromwell is about 15 minutes away, along State Highway 8.
The landholding spans 129.84ha with consented lots varying in size from 4.2ha to 29ha. Two lots are already contracted for sale following development and titling by the incoming owner.
Start your property search
Sitting prominently above Lake Dunstan, each lot offers its own awe-inspiring vistas of mountains, valleys, and pristine Central Otago scrubland, dominated by rocky outcrops and native kanuka.
Bendigo is known for its rich gold mining history and thriving wine industry. Nearby vineyards produce some of the region’s finest pinot noir. Several top wineries operate in the area, including Quartz Reef, Prophet’s Rock, and Mondillo.
The rugged outdoor landscape offers access to a range of activities such as mountain biking, hunting, walking, and cross-country skiing.
Each lot incorporates a consented building platform of between 900sq m to 1,600sq m, surrounded by a designated curtilage area. Beyond this, the consent requires the preservation of existing native vegetation.
The guiding principle behind the lot layout is to create suitably sized and shaped allotments that follow the natural divisions in the landform, ensuring separation and privacy with minimal disruption to existing indigenous vegetation and minimal impact on landscape values.
Colliers Queenstown Brokers Ruth Hodges and Mike Eyles have been appointed to market the property for sale with an asking price of $5,500,000 plus GST (if any).
Hodges, Director of Colliers Rural & Agribusiness in Otago and Southland, says with the relevant consents in place, this development is perfectly positioned for a new owner to progress it to the next stage.
“This is an outstanding purchasing opportunity for an investor to bring this vision to life. The demand for premium lifestyle properties in Central Otago continues to grow and Bendigo Hills Estate has outstanding potential,” Hodges says.
“Securing this site provides the new owner with the chance to add to the legacy of this area that is steeped in history from its connection to the Otago gold rush in the 1860s through to its current usage as a popular location for world-class wine.”
Remnants of Bendigo’s connection to the gold rush era have been preserved with mineshafts, water races, and stamping batteries available to see in the Bendigo Historic Reserve.
Visitors to the area can explore historic sites, scenic reserves, and vineyards, which all add up to make Bendigo a must-visit destination.
Eyles, Rural Sales Advisor at Colliers Queenstown, says this location allows buyers to enjoy the surrounding landscape while Queenstown, with its international airport, is only an hour away.
“During the past few years we have seen an increase in interest in Central Otago as a lifestyle destination. It was highlighted as one of the fastest-growing areas in the 2023 Census,” Eyles says.
“This is a landholding with significant upside.”
- Supplied by Colliers
