Peninsual Hill - Leasing IM

Peninsula Hill Queenstown Information Memorandum For Lease by Expressions of Interest

Accelerating success.

PENINSULA HILL QUEENSTOWN

location indicative only 2

PENINSULA HILL QUEENSTOWN

Contents

building platform

3

Introduction

4

Executive Summar y

7

Key Attributes

8

Proper ty Summar y

10

Site Plan

12

Rentable Floor Area

13

Design Renders

14

Market Summar y

18

PENINSULA HILL QUEENSTOWN

Introduction Colliers is inviting Expressions of Interest (EOI) from

This Information Memorandum (IM) provides preliminary information to assist interested parties with their assessment of the premises for lease. All enquiries, requests for further information and arrangements for site inspections to be directed to the sole agent, Colliers:

experienced Restauranteurs for the long-awaited restaurant site at Peninsula Hill Kelvin Heights.

The developer of Peninsula Hill is well advanced in the sales of residential sections with neighbourhood three due to be released in Q3, 2024. The developer is now seeking a

Sharee Aitken Mob: +64 220 100 801 sharee.aitken@colliers.com

standout tenant for the sole restaurant operation.

For further information contact Sharee Aitken today to secure this opportunity.

Otago Realty (NZ) Limited Top Floor 10 Athol Street Queenstown, New Zealand

4

“This is a rare opportunity to occupy an absolute prime, high visibility restaurant tenancy on Kelvin Heights, overlooking Lake Whakatipu, Queenstown.”

PENINSULA HILL QUEENSTOWN

“Premium sites of this quality and location are very rarely available in the Queenstown market.”

6

Executive Summary

PENINSULA HILL QUEENSTOWN

Description

Retail building platform with internal seated area, north facing deck and verandah area, and grassed areas.

Address

Peninsula Road, Kelvin Heights, Queenstown

Land Area

Total area of 4,700m² (more or less)

Lettable Floor Area

257.54m² (more or less).

Seating

All year round seating for 120 Guests (includes private function area)

Carparks

48 Sealed, 4 Accessible

Local Authority

Queenstown Lakes District Council (QLDC)

Zoning

Local Shopping Centre (A commercial zoning term under the QLDC Operative District Plan).

Location

The property is located on contoured landscape adjacent to the Peninsula Hill residential neighbourhood entrance with access off the top side of Peninsula Road, the main access route in/out of Kelvin Heights. Next to the entry of Deek Park Heights - a wildlife experience for visitors

Proposed Annual Rental

By Negotiation

Premises Layout and Plans

The enclosed concept drawings and associated plans have been lodged for resource consent. Any changes to the design will require prior approval but the landlord is open to input and suggestions from the applicant as part of their proposal. Base fitout specifications can be supplied.

7

PENINSULA HILL QUEENSTOWN

Key Attributes

HOSPITALITY PLATFORM

PRIME SPOT

257.54m² (approx.) of available area.

Seating for 120 Guests

Highly desirable location with visibility and direct access off Peninsula Road.

SUNNY ASPECT

STUNNING VIEWS

Sunny north facing aspect in a relaxed setting with sheltered outdoor spaces

Incredible views of the surrounding mountains and Lake Whakatipu

EXCELLENT PARKING

SURROUNDING ACTIVITY

48 car parks (sealed) 4 accessible car parks (sealed)

Close proximity to Queenstown Golf Club, Bike trail networks, Whakatipu Yacht Club, Water Taxis and Deer Park Heights

8

location indicative only

PENINSULA HILL QUEENSTOWN

Property Summary Set amongst a contoured landscape and positioned adjacent to the premium residential sections at Peninsula Hill, Kelvin Heights, this long-awaited restaurant site is a completely unique offering.

This destination will provide a place for residents and visitors to enjoy what is a tranquil and relaxed setting.

With its sun-soaked northern aspect the destination will provide a place to dine, connect, play and enjoy the views of the remarkable Queenstown landscape including Lake Whakatipu, Queenstown Bay and Kelvin Heights Peninsula.

The successful operator will be focused on delivering a high-quality offering catered towards both the local market and visitors to the area. We envisage a customer base indulging in recreational activity such as the cycle trails, golf, boating, walking on the lakeside tracks, as well as those going to and from Deer Park Heights and water taxi services – allowing for all-day food and beverage service. We have a vision that this establishment will be one of the ‘must visit’ venues in Queenstown.

Design plans include a total floor area of approximate 257.54m², comprising internal seated area, north facing deck and pavilion areas, and open grassed areas (seating for 120 guests).

Onsite parking will include 48 carparks, with 4 accessible to be constructed.

10

“An enviable position with a sun-soaked northern aspect in a tranquil and relaxed setting.”

11

location indicative only

Site Plan 350.0

2.4m wide shared cycle path to wind inbetween existing rocks

500mm stone wall with steps up to mown pasture 349.0

348.0

N PE

S IN

UL

A

RO

AD

2.4 x 1 x 0.8m high macrocarpa (or other hardwood) vegetable planters / herb gardens

timber post and rail fence paved entrace courtyard with 1.2m high bollards

347.0

E

14

12

17 15

18

E

compacted surface on cirtex base

seal 4

5

6

23

25

E

26

24

31

32

33

27

28

seal

29

8

36 34

9

37

38

35

349.0

12

39

40

41

42

47

48

49

E

50

6 x 4m greenhouse 1200mm stone wall 5.4x 2.5m carparks with 7.5m aisle

existing trees to be retained 5.4x 3.6 m accessible park

44

348.0 7

45

46

5.4x 3.6 m accessible park

43

30

21

347.0

+ 348.5

seal

22

3

E

+ 347.5

E

seal

16

346.0

2

20

stone wall

ry

E

19

10

1

bin area

da

11

orchard tree planting on lawn

un

13 345.0

1800mm stone walls

bo

E

laurel hedge to screen parked vehicles

+349.0

lot

E

352.0 353.0

E

1200mm stone wall

351.0

FFL 349.5

E

bike parking

existing trees to be retained

lawn

500mm high concrete ramp up to building entrance

5.4x 2.5m carparks with 7.5m aisle

playground

Rentable Floor Area # Room Name Total Building Floor Area 00 Circulation 01 Storage 02 Staff WC 03 Cool Store 04 Storage 05 MSB 06 Prep Kitchen

Building Size

257.54m²

07 Finishing Kitchen 08 Bar 09 Table Seating 10 Public WC 11 AWC 12 WC 13 WC

Timber Decking

Internal Seated Area

90m²

Deck Area

238m² (66m² of this is the pavilion area, deck covered by either pavilion, louvre roof or verandah roof)

14 WC

231.31 m2

15 Timber Decking

Table Seating 116.27 m2

Orchard Grassed Area (west of building) Open Grassed Area (east of building)

180m² Gas Fire

340m²

Bar

Finishing Kitchen

22.90 m2

18.30 m2

Gas Fire AWC

Carparks

Storage

48 (4 accessible)

2

12.57 m

Loading

WC

27.45 m2

Staff WC

Cool Store 2.80 m2

13

Prep Kitchen Storage

WC

2.07 m2

MSB

WC

Public WC

PENINSULA HILL QUEENSTOWN

Design Renders

14

PENINSULA HILL QUEENSTOWN

Design Renders

15

Design Renders

PENINSULA HILL QUEENSTOWN

16

PENINSULA HILL QUEENSTOWN

Design Renders

location indicative only

17

Market Summary The Queenstown Lakes District is considered to be a high growth district within New Zealand. Queenstown has become a destination of choice for people relocating from cities around New Zealand, as well as returning Kiwis from overseas. The region’s world-renowned lifestyle opportunities have made Queenstown highly attractive to many work-from-homers looking to move for a better quality of life. With the return of overseas visitors, and domestic travel combined with the reduction of staff shortages in the area and continued regional growth, this is giving confidence to local and emerging food & beverage operators to the area. Significant infrastructure and roading upgrades are underway to areas of Highway 6, with expanding housing developments in Hanley’s Farm, Koko Ridge, and Kawarau Park areas, adding to the upwards growth of the Queenstown population.

In particular, Peninsula Hill is home to an estimated 700 homes, and 1,200 people*, creating a sizable catchment area for a food and beverage offering. Residential areas in Kelvin Heights have experienced consistent property value growth over the last two years with a median sales price over the last 12 months in excess of $1.7m for the Peninsula Hill neighbourhood development alone. We see strong demand for a commercial food and beverage offering in this area driven by the ongoing neighbourhood residential development and the region’s popularity as a tourist destination. *Queenstown-Lakes District, 2018 Census.

ZONING The business lies within the Local Shopping Centre Zone of Kelvin Heights Peninsula (map 37) as defined by the Queenstown Lakes District Council Operative District Plan. More information can be sourced from www. qldc.govt.nz Please note: It is the responsibility of interested parties to qualify and elaborate all relevant planning information noted above including relevant licenses and approvals.

19

P ENINS U LA H ILL Q U E E NS T OW N FOR LEASE BY EXPRESSIONS OF INTEREST colliersotago.co.nz/67027182

Sole Agent

Sharee Aitken Colliers Queenstown +64 220 100 801 sharee.aitken@colliers.com

DISCLAIMER: This Information Memorandum has been prepared solely for information purposes in order to assist interested parties in making an initial evaluation of the property and does not constitute advice nor purport to contain all of the information that a prospective purchaser may require. In all cases interested parties must conduct their own investigation and analysis of the property and the data set out in this Information Memorandum to satisfy themselves in all respects and not rely on the information in this Information Memorandum to make their purchasing decision. This Information Memorandum has been prepared in good faith and with due care by Colliers, but neither Colliers nor the Vendor accept responsibility hereunder for the accuracy of any part of the information contained in this Information Memorandum. Therefore the recipient/s of this Information Memorandum to the extent that they rely on the information contained herein do so entirely at their own risk. The Vendor and Colliers NZ Limited (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this Information Memorandum or any other written or oral communication given to any prospective purchaser in the course of their evaluation and/or offer. This Information Memorandum does not constitute an offer for sale or purchase or otherwise.

Accelerating success.