- Three houses in Queenstown with mountain and lake views are for sale, with a combined RV of over $6m.
- The properties, zoned for high-density development, are within walking distance of Queenstown’s main strip.
- Agent Sheryl Williams noted strong interest from developers, highlighting the area’s ongoing gentrification.
Three neighbouring houses with mountain and lake views and a short walk from Queenstown town centre have hit the market for sale.
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The properties have a combined RV of over $6 million and sit on almost 3000sqm zoned for high-density residential development.
Bayleys listing agent Sheryl Williams said the owners were French and had moved to Australia, so they were looking to offload the properties.
They bought the first one in the 1970s, then collected the other two over subsequent years. “It was their holiday home that they always came over and holidayed every year, or at least once a year,” Williams told OneRoof.
A buyer could remove the Thompson Street houses and build apartments or boutique accommodation. Photo / Supplied
The houses are Healthy Homes-compliant and are tenanted. Photo / Supplied
The fact that the properties were within walking distance to Queenstown’s main strip was “relatively unheard of” and handy after a night out visiting the vibrant bars and restaurants there.
Williams said this particular part of Queenstown featured a few original houses and a lot of rentals, but was slowly feeling the benefits of gentrification.
She described one of the houses as looking a bit like a manor house in its day, but said the houses were now all a little bit “rumpty”. They were all Healthy Homes-compliant and tenanted.
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A buyer could remove the houses, she said, and put in some apartments or boutique accommodation, because the views of the mountain and back towards Queenstown Bay were lovely.
The vendors had looked at developing the site about 20 years ago, but back then, it was almost impossible, Williams said. “All the hoops you had to jump through for development. Obviously, things have changed, and it’s changed to high density.”
While unusual to have three adjoining sites on the market in such a great location, Williams said she and colleague Nick Newman had sold another three adjourning lots at 90, 92 and 94 on the same road a year or two ago for $4m.
The properties have views of the lake and mountains. Photo / Supplied
The area around Thompson Street is slowly feeling the benefits of gentrification. Photo / Supplied
She understood those were to be developed, possibly into staff accommodation, but said the houses at 78, 80 and 82 all had RVs of over $2m each and were a lot nicer and with better views.
While she expected the buyer to be a developer, she said someone might buy with a view to building their dream home.
She had received a lot of enquiries, mainly from developers. The southern tourist city was seeing good demand for development projects in a market that had not slowed like much of the rest of the country: “We’ve been consistently busy.”
- 78, 80, 82 Thompson Street, in Queenstown, are for sale, deadline closing March 12
