Sites in a luxury subdivision overlooking Queenstown are being offered to the market for sale giving buyers the chance to purchase a landholding in one of New Zealand’s most sought-after destinations.
Sitting atop Queenstown Hill and offering stunning views of the surrounding area, Karamata Peak is a high-end offering that includes single sections ranging from 300sq m to 1,025sq m and two super lot development sites measuring 2,085sq m and 5,825sq m.
The location offers proximity to central Queenstown and all of the popular shopping and hospitality options that include international brands and award-winning restaurants.
Further development in the Five Mile area in Frankton has brought more retail offerings to the area that are supported by well-known food and beverage outlets.
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Queenstown’s global reputation as an adventure and tourist hotspot is underpinned by world-class golf courses and adventure activities like skydiving and bungee jumping, as well as hiking and biking trails.
There is also a collection of wineries further afield in Gibbston Valley, while the resort town of Wanaka is approximately an hour away.
The subdivision site will be comprehensively developed between now and mid-2028.
Works will include clearing the existing foliage as well as road and infrastructure development and supporting street scaping. Titles are estimated to be issued in mid-2028.
The development is in the Medium Density Residential Zone under the Queenstown Lakes District Council.
Colliers Brokers Alastair Wood, Tim Thomas, and Jeff Davidson have been exclusively appointed to market the sections for sale.
Wood, Sales Consultant at Colliers Queenstown, says this purchasing opportunity gives buyers the chance to acquire their own building platform to develop a property in an exclusive location.
“This is an unmatched opportunity to secure a stake in one of the country’s most keenly sought locations with outstanding views of Queenstown given its elevated position,” Wood says.
“The large-scale super lots also provide developers the chance to consider a significant project that can be taken a range of different ways from luxury apartments to townhouses.
“These sites coming to market will also contribute towards alleviating a growing need for housing in the wider Queenstown area.”
Data from Infometrics notes the Queenstown-Lakes District has experienced consistent population growth for the past 10 years that has outpaced the national average.
This has put pressure on the supply of local housing.
Thomas, Sales Consultant at Colliers Queenstown, says the area serves as a year-round tourism destination with activities and attractions that span all seasons.
“Recent information from Stats NZ highlights the growth in international visitor numbers to New Zealand this year and Queenstown is benefiting,” Thomas says.
“This tourism resurgence also providers buyers of these sites with an angle to explore around utilising any future building for short-term accommodation.”
Davidson, Director of Residential Project Marketing at Colliers, says this is an opportunity that will catch the attention of buyers from New Zealand and abroad.
“Having the chance to develop something new at this scale in Queenstown is an opportunity that is not to be missed,” Davidson says.
“With blank canvas sites on offer there’s a range of building options to explore.”
- Supplied by Colliers
