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Prime site: This 1960s house for sale is becoming increasingly surrounded by commercial developments such as a five-star hotel build next door

By PHILIP CHANDLER

In an area becoming the recognised accommodation and commercial extension to Queenstown’s CBD, a house that’s gone on the market is a very rare offering.

Owned by a local, the three-bedroom 1960s home, at 22 Brecon Street, up from a 60-room hotel build on the corner with Man St, is one of the last two houses on the street — the other’s next door.

It’s on the ‘tourist route’ between the CBD and the Skyline gondola, with attractions including iFLY, Kiwi Park, a mini-golf course and the new Upper Village entertainment
precinct.

This corridor’s also being enhanced by council street works to make it more pedestrian-friendly.

‘‘You’re going to have 800,000 people [a year] walking by your door,’’ says local Colliers agent Richie Heap, who’s marketing the property.

‘‘That whole area in the last five to eight years has under gone such a transformation.’’

As a result of Plan Change 50, the property’s within the Queenstown Town Centre ‘Isle
St west sub-zone’, allowing a range of commercial uses along with visitor and residential accommodation.

It’s also positioned for elevated, dream views towards Queenstown Hill, the CBD and the Remarkables mountain range.

Any new building can go up to 12 metres and occupy up to 70% of the 405 square metre
site.

Heap believes the site lends itself to a lock-up-and-leave home or two units on top of each other.

‘‘For me, a big residential dwelling would be incredible.’’

If the site’s not immediately developed, he suggests it could be an easy-care rental  landbank for a new owner, or a renovation job.

The property’s for sale by deadline sale, closing on Thursday.

Heap says sale prices in the vicinity have ranged from $4000 to $6000 per square metre.

scoop@scene.co.nz