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Property Ref: 15929

Premium Freehold Land Development Site in Queenstown For Sale

Property Type: Development Site, Commercial Real Estate, Hotels

Sale Type: Freehold Investment

Region: Queenstown, Central Otago, New Zealand

Physical Address: 90, 92, & 94 Thompson Street, Queenstown CBD

Price: FREEHOLD LAND, asking $4.2m (Plus GST if any)

Broker: Adrian Chisholm

Mobile: +64 21 727 888


Premium Commercial Accommodation Development Site For Sale in Queenstown

  • Queenstown Freehold Development Land, with site area of 2,125m² (approx.)
  • Close proximity to Queenstown’s CBD
  • Outstanding views of Queenstown & Lake Wakatipu
  • Existing holding income, from 3 residential houses
  • Great potential for multi-unit or apartment style development
  • 90 & 92 Thompson Street are High Density Zone
  • 94 Thompson Street is Medium Density Zone
  • Offering over 60m of street frontage (approx.), plus additional reserve frontage
  • Offered as a Freehold Investment for development, asking $4.2m (Plus GST if any)

It is very rare for a premium commercial accommodation development site such as this to come to market in Queenstown, situated metres from other existing apartment and hotel developments, including Queenstown’s new 5-star QT Hotel.

This offering, comprised of 90, 92, and 94 Thompson Street, is one of the Queenstown’s few high-density residential properties currently for sale. The three property titles currently enjoy holding rental income, from the 3 1950’s residential houses currently occupying the development site.

This outstanding location with spectacular scenery is befitting of a first-class, 5-star accommodation development. As one of the last sites of this size and location available in Queenstown, its gentle sloping gradient is perfect for accommodation development, as it is suited to offering guests private yet awe-inspiring views, across beautiful Lake Wakatipu towards the famed Remarkables Mountain Range. The site is private, yet it is only short ten-minute stroll to Queenstown’s downtown waterfront and CBD with its many bars, restaurants and retail stores.

Under the Proposed District Plan (PDP), this development site will allow for increased building coverage, where more horizontal volume can be achieved, plus an increased building height, where potentially a couple of extra floor levels could be achieved, and a more relaxed recession plane, where more horizontal volume can be achieved, as compared to the Operative District Plan (ODP). Please register here to view full details including an Architectural study.

Queenstown is currently experiencing an upsurge in hotel proposals and builds, on the back of a strong growth in visitor numbers over the past five years, and Tourism-related property remains a strong performer. Due to the offering being zoned high density and medium residential, it lends itself to larger-scale, higher-density visitor accommodation or residential development. Preliminary work has already been done on architectural bulk and location design and planning. A range of national and international hotel brands are looking to operate in Queenstown and this strategic site ticks all the boxes! Hotel, Apartment and Lodge developers and operators, plus land banking investors, will be able to see the opportunity here, and understand the rarity of the location, site size, and view corridors, that simply can’t be built out or obscured. Don’t miss out on this key opportunity, call today, or register here for full details.

For more information or to arrange your private viewing, please contact expert Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email

Please Note: Boundary markings on listing images are indicative only, please register for full details thank you.

Queenstown is the Southern Hemisphere’s Playground!

A premier four season, lake and alpine, resort, Queenstown’s stunning scenery, huge range of activities and renowned warm welcome cement its reputation as New Zealand’s favourite visitor destination. Surrounded by majestic mountains and set on the shores of crystal clear Lake Wakatipu, the natural beauty and the unique energy of the region create the perfect backdrop for a holiday full of adventure, exploration or relaxation.

Over 2 million visitors are drawn to Queenstown each year, including adventurers, filmmakers, wine enthusiasts, Hollywood and Bollywood stars and US Presidents to enjoy their own unforgettable travel experience. Visitors come to experience our unique scenery, search for adventure, seek out relaxation and rejuvenation, or to just breathe our pure mountain air.

The Queenstown region is world-famous for adventure and is the birthplace of many iconic activities including commercial bungy jumping and jetboating. Other activities guaranteed to get your blood pumping include white water rafting, ziplining, 4×4 off-roading, snowsports, paragliding and skydiving. The region is also home to plenty of hiking and biking trails, guided tours, family activities, boat cruises, scenic flights or spa and wellness centres.

Central Queenstown is a sophisticated town with a fantastic choice of restaurants, a lively bar scene and excellent shopping. The picturesque town sits on the edge of Lake Wakatipu and you’ll experience a unique energy and atmosphere all year-round.

Source: DQ, NZ.

Confidential Documents

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15929 | Queenstown Freehold Land for Sale | LIM - Part i

15929 | Queenstown Freehold Land for Sale | LIM - Part ii

15929 | Queenstown Freehold Land for Sale | Proposed Managed Apartments Study

15929 | Queenstown Freehold Land for Sale | Topographical Plan

15929 | Queenstown Freehold Land for Sale | Review of QLDC District Plan 17 11 28

15929 | Queenstown Freehold Land for Sale | Map Capture, for indication purposes only

15929 | Queenstown Freehold Land for Sale | Location, for indication purposes only

15929 | Queenstown Freehold Land for Sale | Queenstown Centre Arterials Case Thompson Street (See page 8)

15929 | Queenstown Freehold Land for Sale | Queenstown Centre Arterials Case: Proposed Plan

15929 | Queenstown Freehold Land for Sale | Study

15929 | Queenstown Freehold Land for Sale | Topographical Plan

15929 | Queenstown Freehold Land for Sale | QLDC District Review

15929 | Queenstown Freehold Land for Sale | Report

15929 | Queenstown Freehold Land for Sale | Architect Communication

15929 | Queenstown Freehold Land for Sale | Image

Property Details

Property Type

Development Site
Commercial Real Estate

Sale Type

Freehold Investment


Queenstown Central Otago New Zealand

Physical Address

90, 92, & 94 Thompson Street, Queenstown CBD


FREEHOLD LAND, asking $4.2m (Plus GST if any)

Contact Agents

Business Broker Adrian Chisholm

Adrian Chisholm

Head Office | Lower North Island, Canterbury, Marlborough, Tasman, Upper West Coast, Central Otago, Fiordland & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888



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