1 Dublin Street, Town Centre, Queenstown-Lakes, Otago

Chalet Queenstown - Land & Buildings Only

Colliers are pleased to offer for sale Chalet Queenstown (land & buildings only).

This is an established European style quality bed & breakfast property, situated close to Queenstown's CBD and lakefront. There are seven double ensuite rooms, kitchen, dining / lounge area and a one-bedroom managers flat.

The current lease expires in 2032 providing various opportunities to release, expand, or redevelop.

The Queenstown tourism market has rebounded over the summer with all main indicators, including airport arrivals, room rates and occupancy reaching previous record levels.

Property Highlights:

• Leased to an established business with strong rental growth,
• Current rent $91,500 plus GST & Outgoings
• Queenstown's 'dress circle', easy walk to Lake, Queenstown Gardens & CBD
• Land area of 607sqm
• 70% site coverage, 16.5 metre height (subject to proposed zone change)

This property is being offered For Sale at $2,300,000 plus GST.

For more information, site inspection, or dataroom access, please contact agents Vera Stewart, Candice Buchanan, or Barry Robertson.

*location markers are indicative only