Park-like: An artist's impression of a pocket park in the midst of Coronet Peak Alpine Villas


Pre-selling of  54-unit terraced housing complex, replacing a hotel wing in Queenstown’s
Arthurs Point, has gone like hot cakes.

Auckland developer Tony Gapes has applied for resource consent to build Coronet Peak Alpine Villas on land occupied by Swiss-Belresort Coronet Peak’s westernmost wing.

Gapes says after 22 rooms were seriously flooded, hotel owner Gavin Faull ‘‘tossed up
whether to do up the rooms, or do something else’’.

‘‘We approached them and said we’ll buy the land where those rooms are, and do some terraced housing on it.’’

His two-level development — designed by Auckland firm The Buchan Group to look unpretentious and embrace its surroundings — comprises two- and three-bedroom
apartments surrounded by gardens, courtyards and walkways.

As of late last week, all but two of the 36 stage one and two units had sold out, with just the third stage still to be released.

Gapes thinks a reason for the quick selldown is the first stage was released during the August lockdown when a lot of people had time to scope out the offer.

Bayleys’ national residential projects director Suzie Wigglesworth, who’s been assisted by Bayleys Queenstown’s Sheryl Williams and Bayleys Auckland’s Ben Stephens, says ‘‘we were super-surprised at how the market responded’’.

She cites both the friendly price point — from the low $700,000s — and the location, especially its proximity, as its name suggests, to Coronet Peak skifield.

The units have appealed to Auckland investors, particularly, Wigglesworth says, along with buyers wanting holiday lock-up-and-leaves or to live in them.

‘‘The fact they’re [zoned for] 365 [days a year] visitor accommodation is quite appealing.’’

Buyers also like their flexible buying options, she says, with options to buy a carpark space and upgrade packages.

Subject to resource consent, building work, starting with a demolition project, could start in March/April — the contractor’s Stonewood Homes.

Meanwhile, Gapes, the original developer of Frankton’s Five Mile, has also been active in central Queenstown’s Gorge Road.

He’s completed The Alex residential complex, is about to build Hylton Park Residences, opposite, from about March/April, and has had consent for two large hotels on the former
Carters site.

He’s about to sell one hotel site and let out a management contract for the other to an international hotelier, he says.