Exceptional Lakefront Development Opportunity
Nestled on the shores of Lake Whakatipu, Queenstown, this rare opportunity for discerning investors and developers stands as an ideal canvas for intense development.
This property, one of the largest of the remaining lakefront blocks on Frankton Road, boasts an expansive frontage to the lakefront reserve, extending over an impresive 190 metres.
Only a stone’s throw away from Central Queenstown, this development site unveils captivating panoramic views over the Frankton Arm of the lake, with the iconic Remarkables Mountain Range providing a stunning backdrop The property encompasses a vast 9,719 sqm land area, offering room for imagination
Zoned as High Density Residential, this site holds significant promise for a variety of development options. Whether it be a 5-star multi-unit complex catering to visitors or an exclusive enclave of residential units, the potential is boundless. Alternatively, for those with a penchant for a spacious and exclusive high-end dwelling, the property could serve as an ideal location.
At the heart of this unique offering is a 3-bedroom 1980s home located on 293 Frankton Road, featuring a generous 250 sqm floor area. The existing residence could provide good staff accommodation over a development phase.
As Queenstown continues to cement its status as New Zealand’s top tourist destination, opportunities for development land are becoming increasingly scarce This Frankton Road property represents a prime investment opportunity to shape the future of Queenstown’s lakeside living
Get in touch today to learn more.
Unrivaled frontage to the lakefront reserve, spanning over 190 metres
Zoned High Density Residential, ideal for intense and imaginative development.
Breathtaking views over Frankton Arm of Lake Whakatipu and the Remarkable Mountains. Proximity to Central Queenstown, providing access to premier shopping and entertainment.
Executive Summary
Address: 297-307 Frankton Road, Queenstown
Rates:
QLDC: $26,945.61 per annum
ORC: $5,374.21 per annum
CV: $16,690,000
Land Area: 9,719m² more or less
Services Town water and waste water utilities
General Features: Sunny
Aspect: South, East
Views: Mountain, Lake
Local Amenities: Proximity to Queenstown CBD and Frankton, nearby restaurants within walking distance, borders lake front walkway
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Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork.
We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge- based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network