A distinctive property on a high-profile site near the centre of Arrowtown is being presented to the market for sale and offers prospective purchasers the opportunity to acquire a heritage asset with considerable potential.
11 Wiltshire Street has a total landholding of 1,501sq m spread cross two separate freehold titles.
This prime site on the corner of Wiltshire and Hertford Streets offers scale and character and is home to a historic property known as Granny Dennison’s Cottage, as well as a cobbler's shop and outhouse.
The property, which sits in the Arrowtown Residential Historic Management Zone and is a Heritage New Zealand Category 2-listed historic place, offers immediate proximity to Arrowtown’s cafes, retail stores, trails, and tourism amenities.
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Sitting only 20 minutes from the tourism stronghold of Queenstown, Arrowtown is nationally renowned for its well-preserved goldfields-era architecture that contributes to its historic streetscape and vibrant local village.
Colliers Queenstown salespeople Rory O’Donnell, Candice Buchanan, and Vera Stewart have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 15 April, unless sold prior.
Constructed in the 1870s, Granny Dennison’s Cottage is recognised as part of Arrowtown’s collection of early residential history.
The layering of stonework, timber additions, and relocated outbuildings charts the evolution of the property across nearly a century of occupation.
O’Donnell, Commercial Broker at Colliers Queenstown, says there is considerable scope to reposition the property for a variety of purposes.
“The new owner could choose to restore the existing improvements and modernise them or create an integrated residential or commercial development, subject to an appropriate resource consent,” O’Donnell says.
“It’s incredibly rare to find a landholding of this scale in central Arrowtown, which makes this property stand out as a must-see offering. The elevated positioning of the site offers the potential for amazing views and architectural prominence.”
Buchanan, Sales Consultant at Colliers Queenstown, says Arrowtown’s beautifully preserved heritage and striking natural surroundings make it one of the country’s most picturesque towns.
“The township offers a gateway to an extensive array of outdoor recreation activities such as cycling and walking trails, scenic river paths, and access to world-class golf courses,” Buchanan says.
“The wider Queenstown-Lakes District also has a global reputation as a wine-producing region and Arrowtown has firmly established itself as a must-visit location for domestic and international travellers.”
Stewart, Sales Consultant at Colliers Queenstown, says the local market is experiencing a wave of positivity as it moves towards the end of the first quarter of the year.
“Interest rate stabilisation has contributed to renewed buyer enquiry for investment and development property in Queenstown of late. The strong performance of the rural and agribusiness sector is having a positive impact on buyer activity with investors looking off farm and exploring investment opportunities,” Stewart says.
“Given we are past the cyclical low following the lulls after the Covid-19 boom, we are seeing increased confidence among purchasers and the ongoing tourism recovery is driving positivity among local businesses, while contributing to an improved economic performance across the region.”
- Supplied by Colliers
