The Building

The unit title accommodates two separate retail tenancies, leased to Gong Char Limited and Happy Travels Limited.

The unit title forms part of a Body Corporate which includes the balance of the building on the corner of Beach Street and Camp Street, comprising five further unit titles in that block. The subject property forms a 1/6 share of the total.

The Happy Travels portion of the Unit Title is single level while the Gong Cha portion has other tenancies above which are separate unit titles and do not form part of the subject property for sale.

The property has an assessed seismic strength of more than 67% NBS. Engineering Assessment available in dataroom.

Surveyed Area of Individual Tenancies as follows:

Location

The property is situated at 36 Camp Street in Queenstown CBD. This is considered a prime retail location downtown with the property enjoying exposure to a high volume of passing foot and vehicle traffic. The property is positioned within CBD Queenstown’s retail ‘Golden Square’, the prime retail precinct bound by Ballarat Street, Rees Street, Shotover Street and Camp Street (and Beach Street inside that ‘square’). A good mix of surrounding businesses including retailers, tourism providers & information centres lie within close proximity. The newly opened DFS Galleria at O’Connells is located close by on the corner of Beach Street and Camp Street. In addition the subject property is positioned close to the junction of Shotover and Camp Streets, a key intersection at the entrance to the downtown area. Shotover street is the main arterial route through Queenstown CBD.

The Queenstown International Airport is located at Frankton approximately 8kms to the north-east. Dunedin is approximately 280kms south-east of Queenstown and Invercargill, 190kms to the South.

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 this prime retail location of downtown Queenstown.

Council is nearing completion of a major upgrade to the downtown area. This town centre improvement has transformed Beach, Rees and Brecon Streets into much more attractive, functional pedestrian ways.