Ballarat Street Retail Mix

Location

This prime Queenstown CBD property is located in the established Ballarat Street precinct only metres from the lakefront and the rest of downtown Queenstown.

Adjoining and adjacent uses include similar commercial buildings occupied as restaurants, offices, retail and food and beverage related uses. Ballarat Street has for a long time been one of the three top retail and hospitality locations within Queenstown’s CBD.

The property offers great potential for “as is” or alternatively upon lease expiry, reconfiguring the premises into ground floor retail or alternatively two tenancies, one retail tenancy fronting The Mall and the balance a bar/restaurant with access off Cow Land, occupying the rear ground floor, first floor and deck area.

Queenstown’s CBD has long been renowned for its tightly held and desirable ownership, largely due to the proven long term capital growth. Accordingly, it is rare to have the opportunity to acquire such an asset in such a prime location on a freehold title.

Council is also currently underway with the first stage of a Town Centre street upgrade jointly funded by the Government’s ‘Shovel Ready’ fund ($35m) and Queenstown Lakes District Council ($25m), this will significantly upgrade services and infrastructure within the down town commercial CBD center.

https://www.qldc.govt.nz/media/2lgpz10k/render-plan-arterial.pdf

Zoning

The property lies within the “Queenstown Town Centre Zone” of Queenstown Central (map 36) as defined by the Queenstown Lakes District Council Operative District Plan.

More information can be sourced from www.qldc.govt.nz (Section 10 – Town Centres).

Please note: It is the responsibility of interested parties to qualify and elaborate all relevant planning information noted above.