For Sale by Auction 11am Wednesday 25 February 2026 at Colliers Queenstown, Top Floor, 10 Athol Street
Colliers have been appointed exclusively to market for sale 8 Henry Street, Queenstown.
This property is being offered For Sale by Auction, to be held on Wednesday 25 February 2026 at 11am (unless sold prior.) To be held at Colliers office, 10 Athol Street, Queenstown.
This information Memorandum provides preliminary information to assist interested parties with their assessment of the property. Further information is available via an online data room which can be accessed upon registration.
colliersotago.co.nz/67037216
Data room link: https://www.propertyfiles. co.nz/8HenryStreet
Data room documents available:
• Information Memorandum
• LIM
• Record of Title
• Deed of Lease
• Flat Tenancy Agreement
• Planning Summary
All enquiries, requests for information and arrangements to undertake inspections in relation to this opportunity are to be directed to the listing agents below.
Mark Simpson +64 27 490 6394 mark.simpson@colliers.com
Executive Summary
ADDRESS 8 Henry Street, Queenstown
This property is located within the heart of Queenstown’s CBD, with direct frontage onto the new CBD by-pass, being the main arterial into Queenstown’s CBD and through onto Gorge Road. Surrounding development provides for mixed use commercial, residential and tourist accommodation properties.
DESCRIPTION
OCCUPANCY ARRANGEMENTS
The property is zoned Queenstown Town Centre, similar to the majority of down town Queenstown, offering a range of future redevelopment opportunities.
The current buildings comprise a 1980’s two level mixed use building in average condition commensurate with it’s age. Leased on a short term basis to Royal NZ Plunket with a separate two bedroom flat to the upper floor on a separate tenancy.
Ground floor- leased to Royal NZ Plunket Trust, commencing 19 November 2025 for 2 years at an annual rental of $65,000 plus GST incl of opex, there is a break clause allowing for earlier termination with 6 months notice.
First Floor- leased on a periodic residential tenancy at $530 per week (incl GST), i.e $23,965 p.a plus GST including outgoings which can be cancelled with 90 days notice.
Total Estimated Annual Rent $88,965 p.a plus GST inclusive of outgoings.
TENURE Freehold
LEGAL DESCRIPTION PT SEC BLK XVIII QUEENSTOWN TN
CERTIFICATE OF TITLE
OT328/238
AREA
LOCAL AUTHORITY
ZONING
RATEABLE VALUE
Land Area: 531m² (more or less)
Floor Area: 249m² (more or less)
Queenstown Lakes District Council (QLDC)
Queenstown Town Centre under both the operative and proposed District Plans
$5,040,000 (as at Sept 2024)
Investment Highlights
Queenstown Town Centre Zoning
Commercial zoning allowing a wide range of commercial, residential uses, 12 - 14m height with proposed zone changes to allow greater height and site coverage. Refer to planning summary in The Dataroom.
Location
Frontage to the new CBD by-pass, high number of traffic movements, great visibility, main route into CBD, adjoining Council owned land and the proposed project Manawa development.
Existing Income
The property offers good short term holding income, with flexibility to allow amended terms or owner/ occupier options. Total Estimated Gross Rent: $88,965 p.a plus GST.
Flexible Lease- Redevelopment Potential
This existing occupancy allows flexibility to retain the existing tenants, renegotiate terms or become an owner/ occupier. The existing income provides good holding income until redevelopment occurs.
The Property
A mid 1980’s built two level mixed use building, in average condition commensurate with its age, with Plunket Rooms located on the ground floor with a small office/ storage area on the first floor and a two bedroom residential flat located first floor leased separately on a residential tenancy. Associated site improvements include a carport, three ancillary sheds, enclosed rear play area, with a sealed driveway. The configuration allows flexibility for alternative uses.
Approximate floor areas as follows:
• Ground Floor 142m²
• First Floor 107 m²
The building has a current building warrant of fitness expiring 1 July 2026. The building is fitted with fire and smoke alarms.
Construction comprises concrete foundations, timber framing, plaster exterior walls with aluminum joinery and long run metal roofing.
Layout is as follows:
Ground Floor- partitioned consulting rooms, bathroom amenities, kitchenette and an openplan play area that opens out into a secure outdoor play area. There is good access and parking in front and down one side of the building.
First Floor- Accessible via both internal and external stairwells, with an office tenancy with storage and bathroom amenities, with a separate two bedroom residential flat, connected to
Zoning
Location
The property is located within Queenstown’s CBD, with direct frontage onto the new CBD bypass, being the main arterial into Queenstown’s CBD from Frankton and through onto Gorge Road. Surrounding development provides for mixed use commercial, residential and tourist accommodation properties.
The site is slightly below street level, falling in an easy gradient to the rear of the property. Rectangular in shape with approximately 20 metres frontage and 26.5 metres depth.
Adjoining the Council owned block to the West/ rear boundary being the side of the proposed Project Manawa development.
location indicative only
Zoning
The property is zoned Queenstown Town Centre, providing for a wide range of commercial, retail and tourist accommodation activities.
Key Development Controls
Comments
• Max building coverage- 100% (this is subject to meeting other development controls and does not necessarily anticipate complete site coverage as for example outdoor areas and pedestrian links may be required)
• Max building height- 12m to 14 m and up to 4 levels (restricted discretionary)
• Minimum floor level (flood risk) - 312m asl
The subject is within sub zone p1.
In late 2023, the Council notified the PDP urban intensification (variation)
QLDC’s urban intensification variation implements policy 5 of the national policy statement for urban development (nps-ud), which directs councils to enable more height and density in certain locations. it also aims to implement the wider directive of the nps-ud, to ensure well-functioning urban environments that meet the changing needs our diverse communities and future generations.
The QTC zone is subject to a council led plan for intensification that will see the development controls relaxed to encourage intensification. Amongst other broad changes the subject is proposed to move from a 12m height limit to a 24m height limit, amongst other broad changes.
Queenstown Development Pipeline
Over $1.5* billiOn in lOcal infrastructure and develOpment prOpOsed fOr the QueenstOwn lakes district
Queenstown Market Overview
Queenstown continues to buck the national trend with residential values holding during 2025, a reflection of increasing migration into Queenstown, a lack of supply and stable demand. Queenstown’s key economic divers, tourism, construction and migration have rebounded strongly with buyer activity increasing off the back of recent interest rate cuts.
The following is a snapshot of the economic drivers for Queenstown:
QueenstOwn internatiOnal airpOrt
annual Passenger arrIval & dePartures
2.717 M
272,757 Ye deceMber 2025 deceMebr 2025
3.4 M
Forecast doMestIc & InternatIonal vIsItors
emplOyment grOwth in QueenstOwn lakes district averaged 4.6%p.a. over the last 10 Years coMPared to 2.1% natIonwIde adventure Capital of the World overseas vIsItor arrIvals Increased bY 9.26% FroM 2024. reFlectIng aPProxIMatelY 9314 In addItIonal overseas vIsItors FroM JulY 2024 to June 2025.
At cApAcity, Queenstown hAs 1 local resident per 34 InternatIonal visitors
As further background, the following is an extract from Colliers Otago Property Market Review and Outlook 2025.
QUEENSTOWN SECTION AND DWELLING* SALE PRICE AND VOLUME
QueenstOwn lakes district gdp is prOvisiOnally up 1.7%
the Year to June 2025 coMPared to a Year earlIer
Annual average & change June 2024 – June 2025
Queenstown-Lakes District
New Zealand GROSS DOMESTIC PRODUCT GROWTH (PROVISIONAL)
Source: Infometrics & Queenstown Lakes Labour Market Snapshot, QLDC
nZd 250
revenue Per avaIlable rooM revPar (Ye March 2025)
Tourism
nZd 225
average daIlY rate
The hotel sector is heavily reliant on both domestic and international holidaymakers. The recovery to date has been primarily led by the domestic market, however the reopening of international borders has seen a strong return of overseas arrivals. A strong sign of the recovery is shown with the recent announcement that annual passenger numbers for Queenstown airport for the year ended December 2023, exceeded the total for 2019.
as at June 2025, prOvisiOnal gdp was $4,755 MIllIon
75% occuPancY
Supply
Strong trading conditions in the years prior to the pandemic, saw increased development activity within the market. In the five years prior to 2021, ten new hotels opened adding 1,012 rooms to the market. Recent openings included the Holiday Inn Remarkables Park and Sudima Queenstown. There are also two hotel projects that have commenced construction, set to deliver an additional 100+ rooms to the market, of which both hotels are targeting the luxury segment of the market.
boundary indicative only
Record of Title
Record of Title
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier OT328/238
Land Registration District Otago
Date Issued 25 June 1948
Prior References OT35/82
Estate Fee Simple Area 531 square metres more or less
Legal Description Part Section 7 Block XVIII Town of Queenstown
Registered Owners
NTP Development Holdings Limited
Interests
Auction Process
Summary of important things to know
• Buyers should register their interest with the agent and ask to be informed if another buyer makes an offer before the auction date.
• Auction bids are open so you know what everyone else is bidding . If you haven’t been to an auction before, it’s a good idea to attend o ne as a spectator so you can see how they work.
• If you win an auction, you are committed to purchase the property. You must pay the purchase deposit on the auction day.
• The auctioneer will not reveal the reserve price.
Please note:
• Auctions are unconditional, so you need to learn as much as you can about the property. Ask your lawyer or conveyancer to review and help you understand any information you get before the auction.
• If you want to bid for a property at an auction, your first step is to let the agent selling the property know that you are interested. The ag ent will have legal documents for you and your lawyer or conveyancer to revie w and sign. These documents include the auction rules and the sale an d purchase agreement.
• Because auctions are unconditional, you need to confirm your fina nce before you attend the auction
• If you want to change anything in the agreement or put any cond itions on the sale, you need to arrange it before the auction by using a document called a variation – your agent will be able to provide this fo r you.
Registering your interest
If you are interested in submitting an offer for the property, p lease formally register your interest with one of the Agents.
The Auction is to be held on Wednesday 25 February 2026 at 11am.
Due Diligence
To assist in the assessment of this offering, comprehensive due diligence information is available via a secure documents link. For access to all documents you will be required to register in the data room: propertyfiles.co.nz/property
• Information Memorandum
• LIM
• Record of Title Inf
• Deed of Lease
• Flat Tenancy Agreement
• Planning Summary Irmation Memorandu
All enquiries, requests for information and arrangements for site inspections are to be directed to the Colliers exclusive agents:
