Hobart Cottages witH Development potential
5 Hobart Street,
Queenstown
INFORMATION MEMORANDUM
Deadline Sale 27th November
2025 (unless sold prior)
Residential | Main Home Floor Area: 165m² (more of less) Land Area: 985m² (more of less)
Owned by the same family for 47 years, 5 Hobart Street represents an exceptional opportunity in one of Queenstown’s most sought-after residential locations. Flat, sunny, and positioned on a peaceful street just moments from the CBD, Lake Wakatipu and Queenstown Gardens, this 986sqm site offers scale and potential seldom found so close to the heart of town. 4 2 2 1
Currently zoned Medium Density Residential with an eight-metre height limit, the property also sits within QLDC’s proposed Urban Intensification Variation, which seeks to rezone the site to High Density Residential* – a change that would further expand the scope for development.
The property itself comprises the much-loved Hobart Cottage, sympathetically extended over the years to provide four bedrooms, two bathrooms and two living areas, spread across two buildings. Additional improvements include a workshop, garage and office.
With Certificates of Title for Hobart Street first issued in 1887, the address holds a special place in Queenstown’s story. Now it awaits its next chapter – whether as a development site or as a unique residence within walking distance of every amenity.
Get in touch with us today to discover the full potential this property has to offer.
Executive Summary
Address 5 Hobart Street, Queenstown
Rates QLDC Rates: $8,739.21 per annum ORC Rates: $1,668.79
Floor Area Main home 165m² (more or less)
Land Area 985m² (more or less)
Built 1847
Tenure Freehold
Local Authority Queenstown Lakes District Council
Zoning Medium Density Residential, proposed High Density Residential (refer planers information)
Rental Appraisal
$1,700 - $1,800 per week
Investment Highlights
Development Opportunity
Easy Sloping Contour
Prime central Queenstown location within a high-value catchment. The property would support a range of potential uses, including single dwellings, multi-unit residential development, or tourism accommodation
Sizeable Area
985m² (more or less) of Medium Density zoned land, with a proposed rezoning to High Density Residential under the Urban Intensification Variation.
The site features a gentle, consistent slope, enabling efficient construction and reduced development costs due to minimal earthworks requirements.
Location
Located within Queenstown’s renowned ‘dress circle’, the site is within easy walking distance of Lake Wakatipu, Queenstown Gardens, and the CBD.
Zone change
Advantageous proposed zoning change to High Density Residential, allowing for up to 70% site coverage and a maximum building height of 16.5 metres. (subject to proposed zone change)
Holding Income
Potential to generate holding income, with an estimated rental appraisal of $1,700–$1,800 per week.
Other Information
The following information is also available for this property – contact us for your copy.
• LIM Report (Land Information Memorandum)
• Planning Information
• Record of Title
• Rental Appraisal
• Sale & Purchase Agreement
Zoning
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, knowledgebased 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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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.
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