Describing a site as a "prime development" tends to be a little over used in real estate, but not this time.

475sqm absolute prime development land in the heart of Wellington's Courtenay Precinct is a once in a life time opportunity.

What is currently the Townsend Apartments must come down. The Body Corporate has instructed Bayleys to sell the combined property as one, this includes the air rights over part of the neighbouring northern property.

With a height limit of 21 metres (with WCC descreation) this must be one of, if not the best, development site offered to the market in years.

• WCC ordered demolition - building must come down

• 475sqm site - ready to be developed

• Genuinely scarce - hardly ever available

• 10 metres from Courtenay Place