8A Harmans Road, Lyttelton, Banks Peninsula, Canterbury

$500,000 + GST (if any) An absolute bargain compared to the $250 - $495,000 for nearby properties of 600 m2 - 1,700 m2.

This amazing property, includes:

• A 3,000 m2 building site with fantastic views across the port and the marina to the other side of Whakaraupo harbour - from Diamond Harbour to Otamahua/Quail Island;
• A further 25,000 m2 (2.5 Ha) of regenerating lowland bush and rock bluffs where Waitaha Geckos and Southern Grass Skinks thrive. The property is adjacent to the 87 Ha Whakarapuo reserve (where a rare jewelled gecko has been spotted), and The Stan Helms Track, which is a lovely walk from Harmans Rd up through the Reserve to the Summit Road.

This is an exceptional lifestyle opportunity, an opportunity for conservation and recreation, or a development opportunity. The current owners have had the land for more than 20 years. While they are in the process of obtaining a subdivision consent from council for eight sections (two at around 600 m2, five at around 2,500 m2 and one at 136,000 m2), they'd prefer to sell it as it currently is.

Zoned residential, with part of the land being designated as "Outstanding Natural landscape" (not the proposed building site), native vegetation is in the process of re-establishing itself after the land was retired from grazing more than 20 years ago. The property is within a Rockfall protection Zone, and the owners have proposed a rockfall protection fence to address this issue. The fence could either protect most of the site if it is subdivided, or specific house sites if the new owner doesn't want to proceed with subdivision.

Three waters are to the boundary of the site, but at this stage electricity is not.

This could also be a great site for a group wanting to undertake their own subdivision. The bare land would cost around $70,000 per site, with services and rockfall protection taking the estimated cost to somewhere in the range of $180,000 - $220,000 per site.