A substantial lakefront town centre property in Queenstown with dual street frontages is coming to the market for the first time in almost 30 years.
The property at 27 Brisbane Street comprises an architecturally-designed three bedroom, two bathroom property, with a two bedroom unit underneath the main home, all set on 1,095sqm.
Located adjacent to Queenstown’s iconic gardens, it’s a five minute walk to the CBD.
"Properties of this nature on such a covetable street represent an increasingly rare opportunity," says listing agent Brendan Quill of Colliers International's Queenstown Residential team.
"It’s been cherished by the same family for almost three decades, so it’s time for someone with an eye to the future to take control of this unique site. It’s lakefront, has dual income streams and two street frontages and it’s all just a stone’s throw to the centre of town."
The strategic location invites further development in the future with strong holding income. Bordering reserve land on one side, it’s well elevated above the lake and showcases the town’s renowned lake and mountain views. Parking on the lakefront side (Park Street) is complemented by additional space on the Brisbane Street entrance.
High demand for short-stay accommodation in the area would make the position ideal for a serviced apartment or boutique accommodation offering.
The main home is oriented to maximise the outlooks whilst capturing the sun and displays a stunning interior with timber features and grand macrocarpa ceiling in the living area. Outdoor living steps out from both sides of the home, with a sheltered courtyard garden to the rear.
"The central Queenstown area is in the midst of a huge transformation, with a range of new commercial, visitor and residential development underway or recently completed," says Quill.
"This beautiful home has years of enjoyment to go for those seeking a landbank with income in a dress-circle location. The medium density zoning affords flexibility for the future."
The property is available for purchase by deadline sale closing on 5 February 2020 unless sold prior.