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Land For Sale

130 Frankton Road QUEENSTOWN 9300, Queenstown Lakes District

Sold on 4 Nov 2013
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Land For Sale in QUEENSTOWN

Sensational Site

We are under instruction to get this property sold!
Situated on the main arterial route into Queenstown and within easy walking distance of the town centre. This is one of the most desirable sites to appear for many years.

With views out over Lake Wakatipu to the Remarkables beyond; resource consent approval for a hotel and apartments in place for the next three years; and an excavated building platform this is a standout investment opportunity in more ways than one.

The property has been land-banked by the vendor, who is now selling to pursue other development projects.

A Bulk and Location Study commissioned by the vendor identifies the various development options and is available on request.

The resource consent applies to a 103 room hotel. In addition an extra 20 two-bedroom apartments have been designed to fit on the site (please note that these extra apartments have not been consented). Therefore offering the potential to accommodate 142 beds.

Alternatively creating five or six individual titles could result in the development of up to 60 apartments , or six to ten super homes', meaning the options for development are wide open.

The timing of such a development is brought into sharper focus by the impending decision by Queenstown Lakes District Council in respect to a $50 million joint venture Convention Centre.

(Please note some images are artist impressions)

Land:

1.23 ha / 3.04 acres

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