3 Gorge Road and 4 Turner Street, Town Centre, Queenstown-Lakes, Otago

Colliers is pleased to bring 3 Gorge Road & 4 Turner Street to the market on behalf of our valued client. This is a rare opportunity to acquire a strategic corner site for future development on the footstep of Queenstown's Town Centre. We anticipate that this will appeal to a range of astute investors, including those looking to develop for worker accommodation, tourism offerings, or residential projects.

Spread across two titles, there is approximately 1,218sqm of land on offer, with holding income from two houses across the properties. The houses are fully tenanted with periodic leases currently in place, providing flexibility and security for incoming purchasers. The house at 3 Gorge Road contains 2 flats comprising 3 bedrooms and 3 bathrooms each. The house at 4 Turner Street is comprised of 4 bedrooms and 2 bathrooms.

Incredibly well-positioned, within a minute's walk of the Queenstown CBD, these two properties offer a rare opportunity to acquire a future development site in the heart of New Zealand's tourism capital.

3 Gorge Road priced at $3,250,000 incl GST 4 Turner Street priced at $2,000,000 + GST (if any)

Please contact James Valentine and Rory O'Donnell to arrange an inspection or to access the online data room for further information.