497 Frankton-Ladies Mile Highway is a residential development opportunity located on a 4.5941 hectare rural site between Frankton and Lake Hayes. The property fronts the Frankton – Lake Hayes Highway, approximately 10 kilometres northeast of Central Queenstown.
The property is part of the Ladies Mile area that has recently been added into the Council's lead policy for Special Housing Areas, making it an attractive prospect for investors and developers.
A feature of this property are the two modern substantial homes and landscaped grounds, currently operating as a an up market lodge, which has Resource Consent to accommodate up to 10 guests.
Housing is in short supply in the district and under current growth projections there will need to be an additional 5,548 dwellings in the Wakatipu District over the next 12 years according to the Queenstown Lakes District Council.
This proposed Special Housing Area is opposite to the established Lake Hayes Estate and Shotover Country subdivisions and the Queenstown Country Club Retirement Village (currently under construction).
More information can be found here:
QLDC LEAD SHA POLICY
QLDC RESIDENTIAL RESEARCH DATA
QLDC HOUSING TASKFORCE REPORT