With industrial land in short supply in Queenstown, a new subdivision offers buyers the opportunity to acquire a site in a modern precinct that is set to become a cornerstone of the region’s industrial landscape.
Located on Victoria Flats Road, the development, known as The Yards, includes sites ranging in size from 1,393sq m to 7,959sq m, meaning an array of industrial users can be catered for.
Pricing starts from $400 per square metre, offering businesses an affordable price point to purchase land in a sought-after location.
Multiple sites within the development have already been sold, indicating the strength of demand for this new hub with the current available lots being part of the Stage One release.
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Access to the development will be via a chipseal road from State Highway 6. From the boundary of the subdivision all roads will be asphalt sealed and have been designed to easily accommodate a truck and trailer combo.
The site has two significant advantages over any other accessible site in the Queenstown region in that it has no domestic neighbours and is not visible from the motorway.
Engineering design has been completed by respected Christchurch firm Eliot Sinclair and Civil Construction Ltd is the main contractor who has a proven track record in the local community.
Developer, The Cardrona Cattle Company, is associated with Queenstown developer Dave Henderson who has been active throughout New Zealand in a broad range of developments across the past 40 years.
He has worked on residential subdivisions in Te Anau and Queenstown and has refurbished and redeveloped multiple office buildings in Auckland, Wellington, and Christchurch.
The roading, stormwater and drinking water services, and landscaping for the subject property have all been uniquely integrated into the design to meet the needs of industrial businesses in Central Otago.
There will also be a strong power supply to the individual lots and plans are in place for a solar farm to be constructed on a terrace north of The Yards that will have the potential to power all future occupants.
The development sits on the Queenstown side of the Kawarau Gorge, approximately 25 minutes from the centre of Queenstown and Cromwell, making it strategically positioned for businesses that draw staff from both locations. It also has the capacity to service the growth of Wanaka.
Colliers Queenstown Brokers Alastair Wood and James Valentine have been exclusively appointed to market the sites for sale.
Wood, Commercial Sales and Leasing Broker at Colliers Queenstown, says with a lack of available space in the Frankton industrial precinct in Queenstown, this new development will help alleviate pent-up demand.
“The vacancy rate for industrial floorspace in Queenstown is virtually zero and the dearth of supply in the market has driven up rent prices in recent years and caused considerable strain for tenants, owner-occupiers, and investors,” Wood says.
“The development of The Yards offers businesses the opportunity to acquire a site to conduct their operations from without being bound to a lease agreement, while developers and investors could purchase land to construct a new facility and lease it out.
“While existing floorspace in Queenstown is at a premium, there is also a constrained supply of development land so this subdivision will provide some relief to industrial users looking for space.”
Valentine, Commercial Sales and Leasing Broker at Colliers Queenstown, says this is a top-quality purchasing opportunity that allows buyers to capitalise on the sustained growth and commercial strength of Queenstown and the surrounding Central Otago area.
“This location offers an ideal balance of improved accessibility, operational efficiency, and the ability to retain key personnel while servicing a broad client base in a cost-effective manner. Businesses that operate from The Yards will be well placed to service the wider Central Otago and Southland regions,” Valentine says.
“Recently we have seen the rise in demand for industrial space in Cromwell for tenants who have been unable to secure the requisite space for their operations in Queenstown, so this strategic location offers the best of both worlds.”
- Supplied by Colliers
