Queenstown Real Estate

Premium Commercial Accommodation Development Site For Sale in Queenstown Queenstown Freehold Development Land, with site area of 2,125m² (approx.) Close proximity to Queenstown's CBD Outstanding views of Queenstown & Lake Wakatipu Existing holding income, from 3 residential houses Great potential for multi-unit or apartment style development 90 & 92 Thompson Street are High Density Zone 94 Thompson Street is Medium Density Zone Offering over 60m of street frontage (approx.), plus additional reserve frontage Offered as a Freehold Investment for development, asking $4.2m (Plus GST if any) It is very rare for a premium commercial accommodation development site such as this to come to market in Queenstown, situated metres from other existing apartment and hotel developments, including Queenstown's new 5-star QT Hotel. This offering, comprised of 90, 92, and 94 Thompson Street, is one of the Queenstown's few high-density residential properties currently for sale. The three property titles currently enjoy holding rental income, from the 3 1950's residential houses currently occupying the development site. This outstanding location with spectacular scenery is befitting of a first-class, 5-star accommodation development. As one of the last sites of this size and location available in Queenstown, its gentle sloping gradient is perfect for accommodation development, as it is suited to offering guests private yet awe-inspiring views, across beautiful Lake Wakatipu towards the famed Remarkables Mountain Range. The site is private, yet it is only short ten-minute stroll to Queenstown's downtown waterfront and CBD with its many bars, restaurants and retail stores. Under the Proposed District Plan (PDP), this development site will allow for increased building coverage, where more horizontal volume can be achieved, plus an increased building height, where potentially a couple of extra floor levels could be achieved, and a more relaxed recession plane, where more horizontal volume can be achieved, as compared to the Operative District Plan (ODP). Please register here to view full details including an Architectural study. Queenstown is currently experiencing an upsurge in hotel proposals and builds, on the back of a strong growth in visitor numbers over the past five years, and Tourism-related property remains a strong performer. Due to the offering being zoned high density and medium residential, it lends itself to larger-scale, higher-density visitor accommodation or residential development. Preliminary work has already been done on architectural bulk and location design and planning. A range of national and international hotel brands are looking to operate in Queenstown and this strategic site ticks all the boxes! Hotel, Apartment and Lodge developers and operators, plus land banking investors, will be able to see the opportunity here, and understand the rarity of the location, site size, and view corridors, that simply can't be built out or obscured. Don't miss out on this key opportunity, call today, or register here for full details. For more information or to arrange your private viewing,: Please contact expert Business Broker, Adrian Chisholm, AREINZ. Please Note: Boundary markings on listing images are indicative only, please register for full details thank you.