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
Address
Rates
297-307 Frankton Road, Queenstown
QLDC: $ 26,945.61 per annum | ORC: $ 5,374.21 per annum
CV $16,690,000
Land area 9,995m² more or less
Services Town water and waste water utilities
Views Lake, mountain
Local amenities
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 Queenstown Lakes District Council
Planning Scheme 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.
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.
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