Major interest is expected in a vacant visitor accommodation-zoned site near downtown Queenstown that went on the market last Thursday.
The 885 square metre site – a popular pedestrian short-cut on the corner of Suburb Street and the main Frankton Road entrance to town – is surrounded by five hotel and motel complexes including Copthorne Hotel & Apartments and Queenstown Motel Apartments.
Dunedin-based vendor Danmont Investments Queenstown Ltd has already commissioned striking plans for a 21-unit motel and lodged a resource consent application with the local council.
Hoamz agent Brendan Quill, who’s marketing the property, says the vendors have opted to concentrate on their home area.
He praises the design by Christchurch-based Foley Group Architecture – “it’s got a nice classic approach”.
A buyer, he says, “may want to follow that through, or redesign or re-tweak the whole thing”.
“Or it could be land-banked again for many years.
“I’d love to see the potential of that site unlocked.
“We need more visitor accommodation, and areas close to town are at a premium.”
Quill says a buyer might also develop visitor accommodation and then on-sell the manage-ment rights.
The site’s capital valuation is $970,000, but Quill notes that land in the vicinity is selling for up to $3000 a square metre.
That might push the sale price up to about $2.65 million.
The property’s for sale by deadline sale closing October 19, unless sold prior.
Foley Group Architecture, in its assessment of environmental effects, notes that “situating visitor accommodation on the main route into Queenstown avoids the necessity of traffic passing through the busy town centre or quieter suburban areas”.
Addressing its proposed design, it states: “The overall bulk has been broken up into a number of masses, which step forward and backward and vary in height.
“The articulation of these masses is accentuated with contrasting cladding colours and textures and frequent use of full-height glazing. These cladding selections are sensitive to the existing natural and built environments, draw-ing heavily on the developing Queenstown vernacular of local stone, timber and neutral monolithic rendering.”
Foley Group Architecture notes that the proposed building is 9.3 metres at its highest point.
That breaches the 8m height plane, and also projects through the required recession planes.
However it points out that under the proposed district plan the height limit increases to 12m, and recession planes don’t apply to street boundaries.
It claims that neighbouring motel developments also breach the current district plan recession planes and height restriction rules.