The sale of this lakefront land presents one of the most remarkable development opportunities to arise in Queenstown in recent years.
It’s well documented that hotels in Queenstown are booked out most nights of the year. Hotel occupancy has risen to more than 80 per cent while guest nights are now at 3.50 million (year end June 2017). Tourism numbers are at a record high with 3.2 million visitors in the year to June 2017 and Queenstown airport is one of the fastest growing in Australasia in terms of passenger numbers: forecasts show a predicted rise from 1.8 million passengers in 2017 to 3.2 million in 2025.
Queenstown’s appeal shows no sign of fading and more accommodation options are desperately needed.
This trophy development site at 633 Frankton Road gifts the astute developer a chance to come and make their mark in Queenstown.
With a land area of 1.0153HA, it is the largest parcel of undeveloped waterfront land this close to the CBD.
It’s zoned for high density residential development and currently has a holding income utilising the existing buildings as workers’ accommodation, formerly known as the Alpine Village Hotel.
So what are you dreaming of? A large resort-style hotel, something that’s currently missing from Queenstown’s holiday options? A luxury property to cater to the substantial high-end market? Apartments or other accommodation to ease the current housing shortage? It’ll be extremely hard to find a better location or land size than this, whatever your choice of development.
The site is situated between the lively CBD of Queenstown and the international airport in Frankton. It enjoys sensational unobstructed views across Lake Wakatipu to Cecil Peak and walking and cycling to the twin town centres and scenic tracks beyond is enjoyable and easy.
Guests could stroll down to the boat ramp and spend a summer’s afternoon out on the water or relaxing on the beach. They can jump on a water taxi and be in the hub of Queenstown with its world-renowned restaurants, shopping and lively evening scene within 10 minutes. From there, they can take a helicopter tour, book a bungy or hop on a jetboat and enjoy the adventure activities for which this region is famed.
Your guests will also love exploring the exciting Wakatipu region. 200 wineries are within an hour’s drive, some of the world’s most picturesque golf courses are nearby and four famous ski areas are within a two-hour drive — Queenstown is a real year-round destination with shrinking shoulder seasons, making it a unique and extremely rewarding place to develop holiday accommodation.
There is not a better opportunity for development in Queenstown right now — the location, land size and potential at 633 Frankton Road are unsurpassed.
Click here to see the full commercial listing for 633 Frankton Road, Queenstown.
Click here to read Queenstown’s commercial accommodation statistics from the government’s August 2017 survey.