10 Man Street is a significant property. Its zoning, location and presence provides significant opportunity for the astute investor.
It sits as a stand-alone freehold 'island' adjacent to the increasingly busy Brecon Street steps -the main pedestrian access to the Skyline Gondola, the Man Street carpark and future hotel, and what will become the main pedestrian route between the huge Lakeland redevelopment and downtown Queenstown. It presents as a high profile corner commercial site.
It is offered to the market for the first time in 25 years and likely never again. The seller has decided it is time to sell. This change in circumstance provides you with a one-off opportunity to secure this gem for your dream use.
Refurb or redevelop. Imagine removing a couple of the internal walls and operating this two level 1950s character building as a cafe, restaurant or cocktail bar overlooking downtown, or offices, consultancy rooms, high end retail shop or for any other downtown commercial use. What a wonderful showroom this would become. It has the same zoning and permitted uses as the CBD, or redevelop the site into mixed commercial and accommodation, or just buy, hold and lease it.
So, if you are an existing tenant wanting to secure your own freehold premises, or you want to establish a prominent presence in downtown Queenstown, or you're an astute investor/landlord wanting to secure a 'one-off' gem - then buy this property.
It is zoned commercial which means a purchaser can originate from anywhere around the world without restriction.
A report detailing the planning status and full property documentation are available upon request.
The asking price of $3.5m is plus gst if any (zero rated).