Water's edge: Harcourts agent Simon Hayes above three Lakeshore sections and an access road


Clever planning’s resulted in a magnificently-located mini Queenstown development, now on the market.

Lakeshore comprises three large sections, right above Frankton Track and Frankton Arm, and two others just above.

The subdivision, created by a local family with engineering expertise, is sandwiched between Oaks Queenstown Shores Resort and The Rees Hotel.

Local Harcourts agent Simon Hayes explains most sections below Frankton Road are long
and narrow, ‘‘and if you own one of them, you can’t physically get a road in there to get to the bottom, so most build at the top’’.

However, he explains this landowner has amalgamated titles and negotiated with neighbouring property owners, the council and NZ Transport Agency ‘‘to get a coordinated approach to the development’’.

Access to Lakeshore is past The Rees Hotel’s front door — ‘‘that’s legally part of Frankton
Rd’’ — and then on to a new road ‘‘so they’ve got three sections right above the track’’.

These sections range from 604 square metres to 799sqm, and one’s priced at $1,195,000 and the other two at $1,395,000.

The 455sqm section above — a potential two-unit development site — is priced at $795,000.

Also for sale, but unpriced, is a 420sqm section below Frankton Rd, occupied by an old green house, that’s accessed from Oaks Shores.

Speaking of the three lower sections, Hayes says: ‘‘It’s trophy sort of stuff to get that close to the waterfront, and the opportunities for future developments that close are pretty rare.

‘‘You can build an amazing house that’s as close as you’re ever going to get to the lakefront.’’

He adds the sections are fully serviced and compacted ‘‘so people should have a relatively
straightforward build’’.