279-307 Frankton Road - Property IM

Exceptional Lakefront Development Opportunity

Nestled on the shores of Lake Wakatipu, Queenstown, this rare opportunity for discerning investors and developers stands as an ideal canvas for intense development. This property, one of the largest of the remaining lakefront blocks on Frankton Road, boasts an expansive frontage to the lakefront reserve, extending over an impressive 190 metres.

Only a stone’s throw away from Central Queenstown, this development site unveils captivating panoramic views over the Frankton Arm of the lake, with the iconic Remarkables Mountain Range providing a stunning backdrop. The property encompasses a vast 9,995 sqm land area, offering room for imagination.

Zoned as High Density Residential, this site holds significant promise for a variety of development options. Whether it be a 5-star multi-unit complex catering to visitors or an exclusive enclave of residential units, the potential is boundless. Alternatively, for those with a penchant for a spacious and exclusive high-end dwelling, the property could serve as an ideal location.

At the heart of this unique offering is a 3-bedroom 1980s home located on 293 Frankton Road, featuring a generous 250 sqm floor area. The existing residence could provide good staff accommodation over a development phase.

As Queenstown continues to cement its status as New Zealand’s top tourist destination, opportunities for development land are becoming increasingly scarce. This Frankton Road property represents a prime investment opportunity to shape the future of Queenstown’s lakeside living.

Get in touch today to learn more.

• Unrivaled frontage to the lakefront reserve, spanning over 190 meters.

• Zoned High Density Residential, ideal for intense and imaginative development

• Breathtaking views over Frankton Arm of Lake Wakatipu and the Remarkable Mountains.

• Proximity to Central Queenstown, providing access to premier shopping and entertainment

9,995m²

Land area

Executive Summary

Services

Views

Local

Proximity to Queenstown centre and Frankton, nearby restaurants within walking distance

Other Information

The following information is also available for this property - contact us for your copy.

• Records of Title

• Photos

• Star Hotel concept plans

• Planning Report from Vivian Espie

Star Hotel Concept Plans

Zoning

Proposed District Plan (PDP)

In 2015 the Council notified Stage One of the QLDC Proposed District Plan (PDP). Submissions for the Stage One PDP closed October 2015 and the Council subsequently worked through a hearings process and released Decisions in April 2018. A large proportion of the sections are now considered predominantly operative (near full weighting), although number of these decisions on some of the rules have been appealed to the Environment Court. The Stage Two release of the Proposed District Plan was notified in November 2017 and after a hearings process Decisions on the matters heard were notified on 21 March 2019 with a number of sections also appealed to the Environment Court. Stage Three of the PDP was notified on Thursday 19 September 2019. Recommendations from the Stage 3 Independent Hearing Panel on Stage 3&3b were ratified by Full Council as a Council Decision on 18 March 2021.

Local Authority Area

Planning Scheme

Queenstown Lakes District Council

Proposed District Plan

Zoning High Density Residential

Zone Purpose

Zone Rules / Site Standards

Fundamentally the zone provides for efficient use of the land within close proximity to town centres that is easily accessible by public transport, cycle and walkways. The zone plays a key role in minimising urban sprawl and consolidating growth un existing urban areas.

In Queenstown, the high density residential zone enables taller buildings than in the other residential zones, subject to high design quality. development in the zone will facilitate effective non-vehicular connections and access to high quality public open space.

Small scale community facilities are anticipated, given the need for community activities within residential areas.

Small impact commercial activities are enabled, either to support larger residential developments, or to provide low impact local services.

• Building coverage - Flat sites a maximum of 70% site coverage and Sloping sites a maximum of 65% site coverage.

• The maximum building height on a flat site in Queenstown is 12 metres

• The maximum building height on sloping site in Queenstown is 7 metres.

• A maximum building coverage of 70% on the site

• The length of any building façade above the ground floor level must not exceed 30 metres

• All boundaries must have a minimum setback of 2 metres except for state highway road boundaries where the minimum setback shall be 4.5 metres

• Garages shall be at least 4.5 metres back from a road boundary

• Any residential buildings, or buildings containing an activity sensitive to road noise, and located within 80 metres of a state highway shall be designed to achieve an indoor design sound level of 40dB LAeq24h

Heritage Listing / Designations

Our research indicates the subject estate is not heritage listed.

We recommend taking specialist planning advice and the above should be taken as a guide only.

Colliers Otago

Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork. We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge-based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory. With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network.

Waiver of Liability

The information contained herein or otherwise in relation hereto is provided by Colliers and affiliated companies in their best judgement, in good faith and as far as possible based on data or sources which are believed to be reliable. The material contained herein is not intended to substitute for obtaining individual advice from a qualified professional person. Colliers, its officers, employees and agents expressly disclaim any liability and responsibility to any person whether a reader of this publication or not in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of the contents of this publication. Therefore we record Colliers has used its best endeavours to ensure the information provided is true and accurate but Colliers does not accept any responsibility or liability in respect of any errors, inaccuracies or misstatements which may be contained in them. COPYRIGHT Colliers. All rights reserved. No part of this work may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying, recording, recording taping, or information retrieval systems) without the written permission of Colliers.

ANTI-MONEY LAUNDERING

Proving your identity when buying or selling a house

From 1 January 2019, real estate agents are required to verify the identity of their vendors in accordance with Anti-Money Laundering legislation. In some situations, real estate agents will also be required to verify the identity of purchasers. If your real estate agent cannot verify your identity in line with the legislation, they will not be able to act for you.

Identity verification can take days and sometimes weeks if a Trust or company is involved, or where parties reside overseas.

The below gives an indication of some of the documents your real estate agent may ask you to present in person or as a certified document as part of this process:

Individuals:

Passport, NZ Firearms Licence or NZ Drivers Licence with another document such as a bank statement or statement issued by a Government agency. You will also need to provide a document with your residential address (for example, a utility bill).

Trusts:

The Trust Deed and, for all trustees and settlors, the information required for individuals as noted above, together with information regarding the Trust’s source of funds or wealth. Additional information may also be required for beneficiaries and appointers.

Companies:

Details of the company, together with the information for individuals noted above for every individual with more than a 25% shareholding, all individuals with effective control of the company and all individuals acting on behalf of the company. Information regarding source of funds or wealth may also be required.

Note: The above list is not exhaustive and is indicative only. Your real estate agent will assist you with the specific requirements in relation to your situation.

DISCLAIMER: The material and information contained herein is for general information purposes only and is not intended to form professional legal advice. REINZ does not accept liability for any claim or other action that may arise directly or indirectly from the use of or reliance on the material and information provided herein. REINZ recommends you seek independent legal advice if you are unsure of your legal position.