49 Beach Street, Queenstown, Queenstown, Otago 9300

^Floor 1597m²
^Land 632m²

Sold

Prime Queenstown CBD with upside

A rare opportunity to acquire an absolute prime commercial property in the heart of downtown Queenstown, with dual frontage to both Lower Beach Street and Shotover Street. 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. Located opposite the lakefront.
• Rare 632sqm freehold CBD site.
• Stunning views of Lake Whakatipu and the surrounding alpine landscape.
• Frontage to both Shotover Street and Lower Beach Street.
• Existing holding income pending redevelopment. Previous accommodation tenancy fully fitted out with chattels, to re-lease short term.
• Queenstown Town Centre Zone allowing a range of redevelopment options.

The property is offered For Sale by Deadline Private Treaty closing 7 April 2022 at 4pm (unless sold Prior).

For more information please call Rory O'Donnell or Mary-Jo Hudson.