INTRODUCTION
Colliers as sole agents, have been appointed to market for sale 819-823 Frankton Road, Queenstown.
This property is being offered For Sale by Deadline Private Treaty closing 26 February 2026 at 4pm (unless sold prior).
This information Memorandum provides preliminary information to assist interested parties with their assessment of the property. Further information is available via an online data room available on request. colliersotago.co.nz/67038107
Data room link: propertyfiles.co.nz/property/819-823FranktonRoad
Data room documents available:
• Information Memorandum
• Certificates of Title and Interests
• Land Information Memorandums
All enquiries, requests for information and arrangements to undertake inspections in relation to this opportunity are to be directed to the listing agent below.
Mark Simpson Director | Broker
+64 27 490 6394 mark.simpson@colliers.com
Rory O’Donnell Broker
+64 27 445 3982 rory.odonnell@colliers.com
Licensed REAA 2008
36 Grant Road, Building 8, Level 1 Frankton, Queenstown 9300
New Zealand
+64 3 441 0790 colliers.co.nz
EXECUTIVE SUMMARY
DESCRIPTION
819 Frankton Road
A classic Kiwi holiday home built circa 1957 in good condition comprising 3 bedrooms and functional for its current holiday home use. A unique location on 2,212m² of land with dual frontage to the high profile Frankton Road and the Frankton Marina. It has an underlying Business Mixed Use Zone providing outstanding redevelopment potential.
823 Frankton Road
A classic Kiwi holiday home built more recently circa 1988 With 3 bedrooms across 2 levels and comprising a site of 871m², however also enjoying the same high profile location and dual frontage to Frankton Road and the Frankton Marina, also with an underlying Business Mixed Use Zone.
TENURE Freehold Freehold
LEGAL DESCRIPTION
Part Section 55 Block XXI Shotover Survey District Lot 2 Deposited Plan 20241
CERTIFICATE OF TITLE OT11C/1136
OT11C/1133
LOCAL AUTHORITY Queenstown Lakes District Council (QLDC)
ZONING Business Mixed Use under the QLDC Proposed District Plan
RATEABLE VALUE (as at 1 Sep 2024)
Capital Value - $4,425,000 Land Value - $4,400,000
Improvement Value - $25,000
Capital Value - $2,300,000 Land Value - $2,150,000
Improvement Value - $150,000
SALES PROCESS For Sale by Deadline Private Treaty closing Thursday, 26 February 2026 at 4pm (unless sold prior).
INVESTMENT HIGHLIGHTS
High Profile Location
High Profile location opposite the Frankton Marina and lakefront also fronting the busy Frankton Road.
Sizable Land Holding
Combined land area of 3,083m² across two titles.
Adjoining Marina
Value add benefits from the adjoining lakefront redevelopment of the Frankton Marina.
Redevelopment
Options
Rezoning to Business Mixed Use allows for more comprehensive development in the future.
Potential Holding Income
Good holding rental income or holiday home use until redevelopment occurs.
ZONING
Under the Proposed District Plan 819-823
Frankton Road has been recently rezoned to from Low-Density Residential to Business Mixed Use. The intention of this zone is to provide for complementary commercial, business, retail and residential uses that supplement the activities and services provided by town centres. Higher density living opportunities close to employment and recreational activities are also enabled. Significantly greater building heights are permitted in the Business Mixed Use in Queenstown, provided that high quality urban design outcomes are achieved.
The development of the nearby Frankton Marina (off Sugar Lane) provides for a range of activities while restricting the scale of office and retail activities so that the function and viability of the Queenstown Town Centre and Frankton commercial area are not undermined, to achieve a high quality environment that is compatible with its location adjacent to Frankton Marina, Lake Wakatipu and Frankton Road.
Some of the key Zone and Site Standards include:
• Maximum building coverage 75%
Maximum building height
• Up to 12m- Permitted
• 12-20 m- Restricted Discretionary
Following limits on office and retail activities at Frankton Marina apply:
• 1000 m² GFA for retail activities and 300 m² for individual retail tenancies
• 1000 m² GFA for office activities and 200 m² for individual office tenancies
Note
• Retail limits do not apply to marine retail activities.
• It is the responsibility of interested parties to obtain their own independent advice on planning, zone and building activities for the property.
Sources: QLDC Proposed District Plan
Boundary lines indicative only
PROPERTY OVERVIEW
These 2 unique properties opposite the lakefront in Frankton, Queenstown have been owned by three generations of one family as holiday homes since the late 1950s. Originally on NZ Railways lease, the underlying land was purchased off NZR in 1976 to provide one large fee simple block. This was subdivided into 4 individual titles, with the 2 properties to the east of the subject being subsequently sold, leaving the current combined land area of 3083m² (more or less) in 2 titles. This is what is currently being offered for sale as individual properties or combined.
The entry road to the marina providing access off Frankton Rd, (now called Sugar Lane) had original access off Frankton Rd to the western end of the current boat
carpark behind the Coastguard. This was subsequently closed off in the mid 1980s to provide in/out access off Frankton Rd. The current NZTA future roading plan provides for a new controlled intersection to be developed in/out of the Marina via Sugar Lane. This will improve access and the overall appeal of the area. There are no timeframes for completion of this work.
The area was rezoned from Low Density Residential to the current Business Mixed Use zone under the proposed QLDC District Plan approximately 5 years ago. The area is now supported by a range of uses including cafes, a brewery, wine cellar and tasting room to name a few.
Source: National Library of New Zealand
1959
819 FRANKTON ROAD
A classic Kiwi holiday home built circa 1957 in good condition given its age comprising 3 bedrooms and functional for its current holiday home use. A unique location with 2,212m² of land with dual frontage to the high profile Frankton Road and the Frankton Marina with an underlying Business Mixed Use Zone providing outstanding redevelopment potential.
A classic Kiwi holiday home built by the current owners in 1957 as a holiday crib. The property is in original but a well maintained condition commensurate with its age and is configured to provide 3 bedrooms, 1 bathroom, open plan kitchen/living and an attached single garage of double car length rug dual roller door access, and incorporating a laundry, toilet and shower.
There are 3 separate garden sheds providing storage, together with additional storage space under the concrete patio.
External construction comprises concrete perimeter foundations, a mixture of fibre cement tiles and galvanized iron cladding, roofing and spouting.
Internally there are timber floors with vinyl and carpet floor coverings. Window joinery is a mixture of steel and aluminium.
A full chattels list is contained in the online secure dataroom.
CERTIFICATE OF TITLE
819 Frankton Road
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier
OT11C/1136
Land Registration District Otago
Date Issued 16July1987
Prior References
OT7A/1051
Estate FeeSimple Area 2212squaremetresmoreorless Legal Description PartSection55BlockXXIShotover SurveyDistrict
Registered Owners
JohnRobertWarringtonastoa1/3share
DonaldMcLeodWarringtonastoa1/3share
JoanneLesleyWarringtonandMichaelGrayWarringtonastoa1/3shareasExecutors
Interests
SubjecttoSection8MiningAct1971
SubjecttoSection168ACoalMinesAct1925
481507GazetteNoticedeclaringaportionofStateHighwayNo.6(Frankton-Queenstown)frontingthewithinlandtobe alimitedaccessroad-18.7.1977at10.24am
924260.4Transfercreatingthefollowingeasements-7.2.1997at11.21am
Type Servient TenementEasement AreaDominant TenementStatutory Restriction RightofwaySection2SurveyOffice Plan21582-CT OT13A/645
ASO21649PartSection55Block XXIShotoverSurvey District-herein
924260.5Transfercreatingthefollowingeasements-7.2.1997at11.21am
Type Servient TenementEasement AreaDominant TenementStatutory Restriction RightofwaySection52BlockXXI ShotoverSurveyDistrict -CTOT7B/844
BSO21649PartSection55Block XXIShotoverSurvey District-herein
823 FRANKTON ROAD
Also a classic Kiwi holiday home built more recently ~1988 With 3 bedrooms across 2 levels and comprising a 871m² site, however also enjoying the same high profile location and dual frontage to Frankton Rd and the Frankton Marina with an underlying Business Mixed Use Zone.
Built by the same family as a separate house to the adjoining 819 Frankton Road on its own title, of Lockwood design with alterations including the upper level. Comprising 3 bedrooms, a mezzanine living space, separate bathroom & toilet, an open plan kitchen/living area with access onto a stone patio to the lakefront side.
There are 3 separate garden sheds providing additional storage.
External construction comprises concrete foundations, stone cladding with aluminium joinery and galvanised iron roofing and spouting.
Internally there are timber floors with vinyl and carpet floor coverings.
The property is in good condition and very functional for its current holiday home use.
A fill list of chattels being offered for sale with the property is able to be accessed via the secure online data room.
CERTIFICATE OF TITLE
823 Frankton Road
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier OT11C/1133
Land Registration District Otago
Date Issued 16July1987
Prior References OT7A/1051OT7A/1052
Estate FeeSimple Area 871squaremetresmoreorless Legal Description Lot2DepositedPlan20241
Registered Owners
AnneFionaWarringtonastoa1/3share
DonaldMcLeodWarringtonastoa1/3share
JoanneLesleyWarringtonandMichaelGrayWarringtonastoa1/3shareasExecutors
Interests
SubjecttoSection168ACoalMinesAct1925
SubjecttoSection8MiningAct1971
481507GazetteNoticedeclaringaportionofStateHighwayNo.6(Frankton-Queenstown)frontingthewithinlandtobe alimitedaccessroadentered18.7.1977at10.24am(Page9)
924260.5Transfercreatingthefollowingeasements-7.2.1997at11.21am
Type Servient TenementEasement AreaDominant TenementStatutory Restriction RightofwaySection52BlockXXI ShotoverSurveyDistrict -CTOT7B/844
BSO21649Lot2DepositedPlan 20241-herein
LOCATION
819 and 823 Frankton Road are located on a high profile site with a combined area of 3083m² opposite the Frankton Marina and waterfront reserve. The property sits below Frankton Road, as well as having frontage to Sugar Lane, the only access into Frankton Marina and lakefront area.
Frankton Road is the key commuting arterial route between Queenstown’s CBD, Frankton, and the International Airport. A full range of amenities are available in the Queenstown Town Centre located 6km to the west and the Frankton retail hub located 3km to the east, which includes Five Mile / Queenstown Central and the Remarkable Park shopping centres.
Surrounding development in the immediate area
Sources:
Airport Passenger Statistics | Queenstown Airport
comprises predominantly mixed-use commercial activities including marine based tourism operators, automotive, hospitality. Professional services, Z service station and visitor accommodation. Outside of this small commercial precinct the predominant use is residential.
As one of the most popular tourist destinations in New Zealand, Queenstown and the surrounding southern lakes experiences tourism spending of approximately $2.8 billion per year alongside 505,741 international passengers landing at Queenstown International Airport in 2025. The Queenstown urban population is currently estimated at 53,800, however the average day population accounting for the tourist is over 80,000.
Quarterly Economic Monitor | Queenstown-Lakes District | Tourism expenditure qldc-demand-projections-methodology-may-2025.pdf
QUEENSTOWN MARKET
The cautious optimism that was emerging over the last year, has moved to a positive property outlook as we head into 2026 in Queenstown, but also across Otago.
Interest rate cuts are beginning to contribute to renewed buyer enquiry for investment and development property. Improvements in the performance of the Rural-Agri sector is having a positive impact on buyer activity as investors are beginning to look at off farm and holiday/second home investment again after a period of limited activity.
The property market is showing more stability and resilience than in mid-2024 and there is more certainty around its expected recovery, now that we are past the cyclical low point and interest rates have stabilised.
The development market is also showing solid signs of activity with residential development land in particular in high demand as developers from outside of Queenstown are struggling to make projects work in the larger metropolitan areas like Auckland, so are looking to our region for opportunity.
The increased accessibility of bank lending is a further indicator of renewed confidence and expected market growth. This has prompted some development activity to come back online, with developers of small to mid-sized projects becoming more active.
The ongoing tourism recovery is also positive for local businesses and provides a strong long-term economic driver across the region which is giving investors renewed confidence to acquire property in the area.
SALE PROCESS
This property is being offered For Sale by Deadline Private Treaty closing Thursday 26 February 2026 at 4pm (unless sold prior).
A deadline sale is the process of purchasing real estate through confidential submitted written offers. If you want to buy a property by deadline sale, you prepare your best offer and send it to the vendor’s Agent (Colliers) to consider alongside any other offers the vendor receives at any point in the deadline sale campaign.
The property is offered for sale with no price, with a deadline by which offers need to be submitted on the basis that the vendors reserve the right to accept an offer at any time before the deadline sale closes.
Buying by deadline sale is a relatively simple process, with advantages for the purchaser as well as for the vendor. However, it’s not simply a matter of turning up on the day and writing down what you’d like to pay. Do full due diligence early to know your rights and obligations and to ensure you feel comfortable with the process.
We summarise a list of key things you’ll need to do before submitting an offer.
• Arrange finance. You need to be comfortable with the level at which you’re offering. It’s fine to put a finance clause into the contract but bear in mind that a vendor may favour the most straightforward offer on the day.
• Read the contract. The ‘Sale and Purchase Agreement’ is the contract signed by the potential purchaser at the time of submitting a deadline sale offer. If your offer is accepted, it will then be signed by the vendor and become a binding contract. It contains a legal description of the property and terms of settlement. We recommend you engage legal advice before presenting an offer.
• Know the value. If you have been studying the market, you may have a good idea of what the property is worth. If you need help, your real estate Sales Consultant can refer you to similar properties which have sold recently that are a good comparison. Otherwise, you could arrange for an independent valuation.
How to make an offer:
• Know the process. Talk to your Colliers Agent about exactly what will happen on and before the deadline sale closing day.
• Talk to your Colliers Agent when formulating your offer. They can assist you in looking at comparable sales and provide information enabling you to make an offer you’re comfortable is the current market value.
• Consider your conditions carefully. Where possible it’s best to minimise the conditions on a deadline sale offer, however it’s also advisable to not spend a large amount in advance when there is a chance your offer may not be selected. Balance is the key.
Offers to be submitted to Colliers Sole Agents by 4pm, Thursday, 26 February 2026 (unless sold prior).
DUE DILIGENCE & DATA ROOM ACCESS
Due diligence material is available for download from a secure electronic data room managed by Colliers, Queenstown (Colliers). Information updates may be posted to the data room from time to time so please ensure you refer to the Colliers data room for the most up to date property information.
• Information Memorandum
• Certificates of Title and Interests
• Land Information Memorandums
All enquiries, requests for information and arrangements for site inspections are to be directed to the Colliers sole agents:
Mark Simpson
Director | Broker
Mobile: +64 27 490 6394
Email: mark.simpson@colliers.com
Rory O’Donnell
Broker
Mobile: +64 27 445 3982
Email: rory.odonnell@colliers.com
36 Grant Road, Building 8, Level 1
Frankton, Queenstown 9300
New Zealand
+64 3 441 0790
colliers.co.nz Licensed REAA 2008
To view the property or for any further information, please contact:
Mark Simpson
Director | Broker
Mobile: +64 27 490 6394
Email: mark.simpson@colliers.com
Rory O’Donnell Broker
Mobile: +64 27 445 3982
Email: rory.odonnell@colliers.com
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and asset management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Asset Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
Disclaimer
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