Positioned in the heart of the Frankton industrial area, this substantial 3,807sqm freehold landholding presents an exceptional opportunity for investors, developers, or occupiers seeking scale in one of New Zealand’s most tightly held industrial markets. Large sites of this calibre are rarely available in Queenstown, offering a unique chance to secure or expand your foothold in a high-demand, supply-constrained precinct.
Currently leased to Ritchies Transport Holdings Limited, one of New Zealand’s largest and most established transport operators, the property provides strong holding income of $399,348.51 + GST per annum. The current lease extends through to 31 March 2027, with no further rights of renewal, providing both income security in the short term and flexibility thereafter.
This structure enables incoming purchasers to re-lease, occupy, or redevelop the site to unlock its full potential. Surrounded by major occupiers including National Storage, Fulton Hogan, Mitre 10 MEGA, and Bidfood, 132 Glenda Drive is strategically positioned within Queenstown’s primary industrial hub, benefitting from excellent connectivity and established neighbouring businesses.
Opportunities of this scale and quality in the Queenstown industrial market are exceedingly rare - secure this outstanding holding today and capitalise on both immediate income and future upside.
