Lakeview, Central Queenstown
‘Lake view’ doesn’t do it justice. Positioned on a plateau in central Queenstown, the site boasts superb views across Lake Wakatipu towards the Remarkables Mountain Range and Cecil Peak.
Located approximately 500m from the CBD and 200m from the lakefront, Lakeview is arguably the best development opportunity Queenstown has seen for many years and one of the last significant vacant land holdings in the town centre.
Expression of interest process
Queenstown Lakes District Council (QLDC), via CBRE, is seeking expressions of interest from development partners that would like to acquire land at Lakeview and share QLDC’s vision to deliver a thriving residential focused mixed use precinct that is stitched into the Queenstown town centre context.
Contact CBRE to receive an Information Memorandum and obtain access to the dataroom.
Queenstown, a premier four seasons resort, positioned for growth
The jewel in New Zealand’s tourism crown and genuine four seasons resort, Queenstown has truly global appeal and was voted ‘Australasia's leading Destination’ in the 2016 Trip Advisor World Travel Awards.
Queenstown has experienced significant growth in recent years both in terms of visitor arrivals and resident population, the latter expected to reach 44,000 people by 2023 which equates to an estimated 48% increase on the 2013 census population1. Hotel occupancy rates are at 82% and hotel room tariffs are the highest of all the major centres at $218 per night, having increased 17% over the past twelve months2.
Queenstown is also experiencing significant investment in infrastructure with major transport projects including a new double lane Kawarau Falls bridge, Hawthorne Drive (which is expected to ease congestion in Frankton) and a new public transport system. The proposed Town Centre Masterplan and associated new arterial, together with the significant investment proposed at Lakeview, demonstrates Council’s commitment to unlocking the potential for further growth.
1Statistics New Zealand
2Tourism Industry Aotearoa, 12 months rolling October 2017; major centres of Auckland, Rotorua, Wellington, Christchurch and Queenstown