5 Malaghan Street, Queenstown

Available for the first time in 45 years, these two central Queenstown properties provide for an extremely rare CBD development opportunity. With three street frontages and high density zoning, this 1,583 sqm freehold site is a once in a lifetime property with immense potential. At just over 200m walk to the top of the Queenstown Mall this central land holding provides a remarkable development opportunity in a time of exceptional growth in both visitor numbers and resident population. Located in an elevated position with outstanding views over Lake Wakatipu and central Queenstown, this is a site that delivers world class vistas and easy access to the township and lake. This exciting central land holding also has potential for holding income potential from two existing houses. With the Queenstown Town Centre Masterplan formulated, it is evident that proposed new CBD arterial routes, transport hub, carparking and new civic heart will all feature in close proximity to this property. For Sale by International Tender closing 4pm Monday 15th October 2018. Boundary lines indicative only.