61 Beach Street, Queenstown, Queenstown, Otago 9300

^Floor 650m²
^Land 228m²

Sold

Absolute Prime Queenstown CBD

A rare opportunity to acquire an absolute prime commercial property in the heart of downtown Queenstown, with frontage to Lower Beach Street opposite the lakefront. Existing lease arrangements provide a good holding income with the ability for the new owner to add value through refurbishment / redevelopment.

Beach Street is a high foot traffic location, situated within the prime retail precinct with an excellent mix of international, national & local retail brands and provides one way vehicle traffic through to Earnslaw Park on the Queenstown Bay lakefront. Beach Street forms part of the Council's $55m project to enhance the streetscape of core pedestrian areas into more attractive, functional and user-friendly walkways through the CBD. This key downtown project commenced January 2021.

Investment highlights include:
• Absolute prime Queenstown CBD, overlooking Earnslaw Park & Queenstown Bay waterfront
• Commercial zoning with 12m height
• 625sqm of net lettable floor area over 3 levels
• Concept plans and consents in place for major refurbishment option (Warren and Mahoney)
• Options to re-lease 'as is' or redevelopment
• Major Street upgrade & landscaping nearing completion

The property is offered For Sale by Deadline Private Treaty closing 26 May 2022 at 4pm (unless sold prior).

For more information please call Mark Simpson or Alastair Wood.