Leasing Process
Colliers has been appointed to market the Tenancy for lease at 50 Lucas Place, Frankton, Queenstown.
For Lease - Offers by Deadline Date, closing Friday 14 August 2026
This Information Memorandum (IM) provides preliminary information ,to assist interested parties with their assessment of the tenancy for lease. All enquiries, requests for further information, and arrangements for site inspections to be directed to Colliers Sole Agents:
Mark Simpson
Mob: +64 27 490 6394
mark.simpson@colliers.com
Anna Rawling
Mob: +64 22 492 5700
anna.rawling@colliers.com
Otago Realty (NZ) Limited
Licenced under the REAA 2008
36 Grant Road, Building 8, Level 1 Frankton, Queenstown, 9300, New Zealand
Offers submitted as a Memorandum of Terms. Available on request from the Agents.
“This is a rare opportunity to lease this strategic site close to Queenstown International Airport.”
State Highway 6 Five Mile Centre
Queenstown International Airport
Frankton’s Industrial Precinct
Remarkables Park Town Centre
Executive Summary
Description
The property comprises a 689m² building (more or less) on a site of 4,990m² (more or less), within the wider Queenstown International Airport Precinct on Lucas Place, Frankton. The property provides an opportunity for a range of businesses, with over 70 parking spaces for a variety of vehicle types including campervans.
Address 50 Lucas Place, Frankton, Queenstown
Net Lettable Area
Floor Area: 689m² (approx.)
Yard Area: 4,300m² (approx.) Yard Area
Local Authority & Zoning Airport Mixed Use Zone under the QLDC Operative District plan
Tenancy Specification
Leasing Process
The property will be provided with vacant possession. Further detail is available on the fitout included with the premises.
On behalf of the Landlord, Colliers is seeking offers to lease 50 Lucas Place by Deadline Date of Friday 14 August 2026. A formal Agreement to Lease proforma is available upon request.
Key Attributes
QUEENSTOWN
Dual access off Lucas Place and Robertson Street
Ample parking/storage for variety of vehicles including campervans and buses
Excellent connectivity to Queenstown International Airport, the wider Frankton Flats area and beyond
Large 4,300m² yard space in tightly held Frankton commercial precinct
Complementary business uses in the surrounding area
High quality high stud building with flexible configuration
Tenancy Summary
The property comprises a standalone commercial workshop and office facility situated within the established Frankton Airport precinct at 50 Lucas Place, Frankton. Purpose built in 2012 for a campervan vehicle rental business, improvements provide a combination of warehouse/workshop, office and amenities, onsite parking, and extensive yard areas.
The building provides approximately 689m² of floor area and is well positioned on the site offering substantial hardstand and vehicle circulation areas. Access to the workshop is provided via 5 electric roller doors including a fully operational wash bay area.
There is substantial onsite parking and vehicle manoeuvring areas, including approximately 25 standard car parks, 14 campervan parks, 16 double campervan parks, 2 accessible parks and additional electric vehicle charging bays. The site configuration allows for efficient circulation of larger vehicles while maintaining ample customer and staff parking.
A number of landlord-owned improvements, including the electric roller doors, office storage fit-out, reception entry doors and security gates, will remain with the premises. Refer to a full list of landlord owned fitout that will be provided with the draft proforma lease.
Located within one of Queenstown’s most established commercial areas, the property offers excellent accessibility to Frankton, Queenstown International Airport, State Highway 6 and the wider Queenstown Lakes region, making it well suited to occupiers requiring a functional and strategically located premises.
Floor Plan
Tenancy Photos
Boundaries and locations indicative only
Proposed Lease Guidelines
Premises
50 Lucas Place, Frankton, Queenstown
Landlord Ross Cole Investment Corporation Limited
Commencement Date
1 September 2026
Proposed Annual Rent By Negotiation
Forecast Outgoings
Rent Reviews
Permitted Use
Estimated at $37,000 pa plus GST (budget 2026/2027)
Fixed increases of 4% with a mid term market rent review
Complying uses under the Airport Mixed-Use zone as part of the QLDC Operative District Plan.
Note: it is the responsibility of the incoming tenant to obtain all necessary planning and building consents.
“Corner position with dual access to both Lucas Place and Robertson Street.”
Market Summary
Frankton continues to be the commercial and industrial heart of the Queenstown Lakes district, serving as the region’s primary hub for trade, logistics, construction, warehousing, and service-based businesses. As Queenstown’s permanent population and visitor economy continue to grow, demand for well-located industrial and light industrial accommodation remains strong, particularly within established precincts such as the Frankton industrial area.
The Frankton market is characterised by a limited supply of available premises and a highly constrained land environment. Opportunities to secure quality commercial or industrial space in established locations are infrequent, with occupiers often seeking premises that offer a combination of functional warehousing, secure yard areas, convenient access, and proximity to key transport routes.
Frankton remains the preferred location for a broad range of occupiers due to its strategic position between Queenstown CBD, Frankton Flats, Queenstown International Airport, and the wider Central Otago region. Businesses continue to place significant value on locations that provide operational efficiency, accessibility for staff and customers, and strong connectivity to surrounding commercial and residential catchments.
Demand is particularly evident from contractors, trade operators, logistics providers, tourism-related businesses, and service industries that require practical premises with yard or storage capabilities. The scarcity of available stock has reinforced the importance of securing premises within established commercial and industrial precincts, where competition for quality space remains consistent.
Properties offering a combination of warehouse, supporting office space, and secure yard areas are especially sought after, with occupiers increasingly focused on functionality, accessibility, and long-term operational requirements. As a result, well-positioned assets continue to attract strong interest from a diverse range of local, regional, and national businesses.
