'Hippo Lodge' has long been a mainstay of the Queenstown accommodation scene. Now part of a deceased estate and split over two titles, this commercially zoned 14 bedroom property, including manager's suite, is a short stroll to town and offers an excellent opportunity for future accommodation. Further to that, the land is zoned High Density Residential so there is superb redevelopment potential with stunning views of Lake Wakatipu. For the keen investor, the adjoining property at 77 Hallenstein Street can be sold together with Hippo Lodge, buy one or buy both.
No doubt once we are past Covid, Hippo Lodge will continue to be a popular accommodation option for Queenstown's visitors. Consented for 54 beds, fully furnished and operational, the existing business is ready for the next owner. The land holding and development potential is evident. Seriously for sale, your interest is encouraged.
Tender: 26th November 2020 at 2:00 p. m. (unless sold prior)
New Zealand Sotheby's International Realty,
Mountaineer Building Level 1, 32 Rees Street, Queenstown
Phone for viewing times.
Boundary lines are indicative only - Second image includes 77 Hallenstein Street