Investment Highlights

HIGH PROFILE

High Profile location on Strategic corner

VALUE ADD

Value add benefits from the ongoing redevelopment of the Marina Area

HOLDING INCOME DEVELOPMENT OPTIONS

Proposed rezoning to Business Mixed Use allows for more comprehensive development in the future

Good holding income until redevelopment occurs

Location

835 Frankton Road is located on a high profile 693m² corner site strategically positioned at the entrance to the newly developed Queenstown Marina. The property enjoys frontage to Frankton Road as well as Sugar Lane, the only access into the Marina Area.

Frankton Road is the key commuting arterial route between Queenstown’s CBD, Frankton, and the International Airport. A full range of amenities are available in the Queenstown Town Centre located 6km to the west and the growing Frankton retail hub located 3 km to the east, which includes Five Mile / Queenstown Central and The Remarkables Park shopping centres.

Surrounding development in the immediate area comprises predominantly other mixed use commercial activities including marine based tourism operators, automotive, hospitality, professional services, Z service station and visitor accommodation. Outside of this small commercial precinct the predominant use is residential.

As one of the most popular tourist destinations in New Zealand, Queenstown and the surrounding southern lakes has over 2,700,000 visitors (pre-covid) each year, with over half arriving through the Queenstown International Airport. The Queenstown urban population is currently estimated at 35,000, however the average day population (Pre Covid) accounting for the tourist is estimated at over 40,000.