Hotel, apartments, workers accommodation

134, Gorge Road, Queenstown-Lakes

Expressions Of Interest

Proposed Usage
Office
Floor Area
1180.00 m²
Description:
Property ID
1c76tfm

JLL has the pleasure of offering 134 Gorge Road, Queenstown for sale. A highly strategic location in downtown Queenstown next logical development corridor, with unencumbered northern views of Coronet Peak, adjacent to the CBD with zoning changes permitting higher density, increased building height to 20 meters and visitor accommodation.

Now - a 1,180sqm building with three established tenants providing holding income of circa $300,000.00 net cash return.

Potential - current owners have developed a zone compliant plan for a 140 room hotel, other alternatives include, retail office, apartments, workers or visitor accommodation. Hold for growth, or take advantage of redevelopment clauses in the current leases. Develop now with multiple options to intensively develop the site under the new BMUZ zoning rules.

For Sale by Deadline Sale closing 4pm, Friday 29th November 2019.

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Queenstown-Lakes Area