An imposing piece of Queenstown waterfront land identified as being eminently suitable for the development of either a multi-level residential apartment block or a four-five star hotel has been placed on the market for sale.
The 5499 square metre site at 595 Frankton Road is zoned High Density Residential under the Queenstown Lakes District Plan. Resource consent for the construction of a 99 unit hotel development has been issued, which will enable the project to proceed immediately to meet the huge demand for extra commercial accommodation in Queenstown.
The hotel-focused consent also allows for the building of 76 covered and open air parking bays, three bays parking bays, reception area/meeting rooms/staff amenities, a manager’s apartment, and direct access to the lake.
Minor tweaking of the development plans to reflect a residential opportunity now also allows for the construction of 100 residential units and 77 car parking spaces. The apartments encompass a range of one, two and three-bedroom residences.
The property – complete with development plans - is being marketed for sale by BayleysLocations Queenstown for $4.75 million plus GST. BayleysLocations salesperson Max Guthrie said a considerable amount of initial development work had already been undertaken at the site over the past decade.
Alternative development plans for the site have been informally submitted to Queenstown Lakes District Council’s urban design panel by site co-owner and architect Fred van Brandenburg.
Mr Guthrie said the review had been favorably received by the council representatives, and the “visually extraordinary” concept plans would be made available for viewing by potential purchasers.
Otago-based Mr van Brandenburg’s proposal for the site is based on the influence of famous Spanish architect Antonio Gaudi whose ‘curvilinear geometric building designs’ from the turn of the 20th century are seen throughout his native city of Barcelona.