Rare Investment Opportunity in the Heart of Queenstown
Discover an exceptional property that’s as versatile as it is valuable. Perfectly positioned just moments from Queenstown’s vibrant CBD, this ten bedroom residence offers an unparalleled investment proposition.
The main home features six spacious bedrooms and two bathrooms, complemented by two fully self-contained two bedroom units. This unique configuration opens the door to a wide range of possibilities - whether you’re seeking strong rental returns, a strategic landbank for future development, or a premium site to create your dream home.
Ideal for investors, developers, or those looking for a substantial property in a sought-after location, this opportunity is as rare as it is rewarding. With its prime position and endless potential, it won’t stay on the market for long.
Contact us today to arrange your private viewing
Executive Summary
Address: 1 Salmond Place, Queenstown
Rates: QLDC: $12,672.26 per annum
ORC: $1,063.37 per annum
CV: $2,740,000
Floor Area: 250m² more or less
Land Area: 569m² more or less
Built: 1985
Exterior: Rusticated timber weatherboard and painted concrete block
Floor Coverings: Tile, timber, carpet, cork tiles and linoleum
Windows: Double glazing and some single glazed windows also
Hot Water: 3x electric hot water cylinders
Heating: Wood burner, 2x heat pumps, HRV ducted system and wall mounted electric heaters
Insulation: Polyester (R.3.3) and fibreglass batts in the roof space
General Features: Strong investment potential, located in a quality location with excellent views of The Remarkables mountain range.
Aspect: East
Laundry: 3x laundries - one of them part of one of the bathrooms
Parking: 3x off street carparks
The following information is also available for this property – contact us for your copy.
• • Record of Title Rates
The town centre has extremely sought-after housing There’s ample property within walking distance of town, with residences ranging from luxury apartments to family homes on high-value land and rental properties occupied by multiple tenants.
Prices in the town centre prove consistently strong, particularly properties with sought-after zoning and the ability to build more than one unit onsite. House prices remain largely immune to the area’s seasonal trends, with high tenancy demand and consistent returns
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