21 Melbourne Street - Queenstown

Property ID: QBS12032 Listed by Matt

beds bw 3  baths bw 1
Land Area: 936 sq m

SOLID VALUE
Previous expectation was circa $3m, now listed at $2.75m.

This central Queenstown landholding presents a distinct development opportunity in a time of exceptional growth in tourist and resident population.

As the original Queenstown Post Master's residence, 21 Melbourne Street is prized for its accessibility to the township alongside its development potential with a high density 'A' zoning.
The original residence remains a circa 1970's built three bedroom brick home. The property is currently tenanted at $900 per week fixed until February 2019, with an array of heating options including a fuel burner, heatpump and night store heater.

Sitting amongst residential and managed apartments and hotel developments, this property promises multiple opportunities for visitor accommodation. Melbourne Street has been identified by QLDC within their future transport strategies as the first stage of an inner CBD bypass. If implemented, this will result in considerably higher traffic flows past the property in the future which would hugely benefit a future accommodation business owner.

Look to the future with this exciting landbanking opportunity.

Boundary indicative only

Enquire about this property

Dave Fea - Queenstown Real Estate Agent | +64 27 444 1104 | dave@queenstownrealestate.co.nz
QueenstownRealEstate.co.nz | PO Box 583 Queenstown New Zealand

nzsir

New Zealand Sotheby's International Realty. Browns Real Estate Limited (Licensed under the REAA 2008) MREINZ