A landmark two-level commercial property, positioned in a signature location in central Queenstown that enjoys three prime street frontages and two key retail corners, is available for sale.
The premises, known as Tiki Corner, is home to multiple tenants, including the renowned Ferg Bar and international retailers Fjallraven, Ugg, and R.M. Williams.
Located at 27-31 Rees Street, there is 925sq m of total net lettable area across five tenancies on a 531sq m freehold site that spans two titles.
The property benefits from its position in a tightly held area where commercial assets are rarely traded.
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The total rental income from the property as of 1 July 2026 is $1,297,860 plus GST and operating expenses.
The asset offers established leases with built-in income growth and tenancy structures that enable future flexibility.
Rees and Beach Streets provide an exceptional mix of international fashion and luxury retail brands, giving visitors to the area a world-class shopping experience.
Colliers Brokers Mark Simpson, Rory O'Donnell, and Mary-Jo Hudson have been exclusively appointed to market the property for sale via international deadline sale closing at 4pm on Thursday 2 July, unless sold prior.
This character building was constructed in two parts during the 1960s and 1970s and has benefited from ongoing upgrades during the past 10 years.
The retail tenancies operate on the ground floor, while there is an adjoining courtyard exclusive to the Ferg Bar tenancy.
The first floor includes office space for Fergburger Limited, as well as retail and storage space for Ugg.
Simpson, Director at Colliers Queenstown, says this high-profile corner offering provides a significant income stream and includes some of the most recognisable retail space in the centre of Queenstown.
"Ferg Bar is a firmly established staple of the town and has an international reputation, while the other retailers in this property add to the complementary retail mix in the area," Simpson says.
"Well-known brands in the immediate vicinity include Partridge Jewellers, Mecca, North Face, Rodd & Gunn, Deadly Ponies, Kathmandu, and Glassons among a host of others, while there's an assortment of food and beverage spots in convenient walking distance."
Queenstown is well-known as a four-season resort destination that continues to draw international and domestic visitors seeking to make the most of its outdoor attractions that are supported by welcoming accommodation and hospitality providers.
The completion of town centre upgrades has contributed to improved traffic flows, enhanced pedestrian areas, and appealing streetscapes.
O'Donnell, Commercial Broker at Colliers Queenstown, says as tourism numbers continue to rebound, Queenstown's commercial property market is performing strongly with local assets being some of the most tightly held in the country.
"Central Queenstown has extremely limited vacancy for prime retail space, which contributes to ongoing rental growth in the area," O'Donnell says.
"There is also a considerable pipeline of development planned for the next decade that will positively impact the Queenstown CBD.
"These developments include a new hotel, mixed-use commercial and residential developments, and proposed civic projects."
Hudson, Commercial Broker at Colliers Queenstown, says there are future development considerations at the subject property for prospective purchasers.
"Primary concept plans are available for a rooftop bar that could be added to the property that would enhance its appeal and potentially unlock further value," Hudson says.
"The new owner could advance those plans quickly or await the outcome of current planning regulations that are under review by the Queenstown Lakes District Council that may allow the building to have additional storeys added.
"We encourage all interested buyers to do their own due diligence and seek independent planning advice."
- Supplied by Colliers
