Skip to main content Skip to footer

Rare landholding available in Queenstown

NZ_AucklandCBD_Communications_Rare landholding available in Queenstown_Photo 1

A large parcel of development land with spectacular views overlooking Queenstown is being offered to the market for sale by the Queenstown Lakes District Council.

The site, known as The Commonage, spans 9.5ha and sits only 1km from the CBD and 7km from Queenstown Airport and the Frankton commercial hub. Most of the surrounding land has been developed, with this site representing one of the last significant development opportunities remaining on Queenstown Hill.

Held in several titles, the development options for the site are wide-ranging. The site’s Medium Density Residential zoning under Queenstown Lakes District Council’s Proposed District Plan allows density of one dwelling unit per 250sq m of land area. Queenstown Lakes District Council has also recently notified a variation to the Proposed District Plan, proposing to delete the one unit per 250sq m rule, which would enable even greater density.

Colliers Brokers Alastair Wood, Barry Robertson, Josh Coburn, and Blair Peterken have been exclusively appointed to market the site for sale via an international expression of interest campaign with the deadline for offers closing at 4pm on Thursday 14 March, unless sold prior.

NZ_AucklandCBD_Communications_Rare landholding available in Queenstown_Photo 2The Commonage spans 9.5ha and sits only 1km from the CBD and 7km from Queenstown Airport.

The site is accessed via Vancouver Drive through the established Commonage streets down to Frankton Road (State Highway 6), which links to central Queenstown and Frankton.

Wood, Director of Sales and Leasing at Colliers Queenstown, says the future development of this site will provide a number of development opportunities from lower density high-value sections through to more medium density sized sections and townhouses, with visitor accommodation opportunities for hotels included as an option.

“This is a site unlike any other that will be presented to the market in the coming years and freeing up this land for development will provide huge benefits for Queenstown,” Wood says.

“There are a host of outdoor activities for locals to enjoy, including cycle trails, walking tracks, and world-class golf courses, all against the backdrop of the stunning Lake Wakatipu.”

Queenstown has enjoyed strong house price growth during the past decade with prices now topping their pre-Covid peak. A single dwelling residential section of 1,858sq m located near the subject site sold for $4.5 million in 2022.

Robertson, Tourism Development and Business Broker at Colliers Queenstown, says the area needs further housing to complement a strong pipeline of proposed infrastructure projects.

“There is over $1.5 billion in targeted infrastructure projects set to take place across the Queenstown-Lakes District, including hotels and roading upgrades as well as further tourist attractions,” Robertson says.

NZ_AucklandCBD_Communications_Rare landholding available in Queenstown_Photo 3Queenstown has enjoyed strong house price growth during the past decade.

Coburn, Director of Site Sales and Capital Markets at Colliers, says Queenstown is in growth mode and is outpacing most other areas in New Zealand.

“Data from Infometrics notes the Queenstown-Lakes District’s population grew by 8 per cent in 2023, compared to the national growth of 2.1 per cent,” Coburn says.

“This was underpinned by economic improvements following the pandemic that saw the regional GDP growth at 7.8 per cent last year with the national figure at 2.9 per cent. This has led to job creation and further employment opportunities.

“Queenstown remains the premier tourist destination in New Zealand with visitor numbers almost back to pre-Covid-19 pandemic levels. Forecasts from Stats NZ suggest domestic visitor numbers will double and international visitors will nearly triple across the next decade.”

Peterken, Director of Capital Markets at Colliers, says a site of this scale and prominence will attract local and international interest.

“With such a unique offering on the cards we expect to field calls from a range of prospective purchasers who have capital to deploy,” Peterken says.

“This site represents a major opportunity for the new owner to leave their mark on one of the world’s most picturesque locations and we encourage all interested parties to contact us to explore their options.”

To view more investment opportunities use our property search here.


Related Experts

Alastair Wood

Director | Commercial Broker | Sales and Leasing

Queenstown

Alastair is one of the most experienced property professionals in the Otago region, with over 25 years’ property experience in the Queenstown-Lakes, Wānaka and Dunedin districts. Building lasting relationships with his clients, he has a strong reputation for results, integrity and his strategic approach to bringing deals together to the satisfaction of all parties.

Specialising in investment sales of commercial property and development sites, Alastair also takes the lead in syndicated property sales and equity raises, introducing commercial investment to a wealth of new customers. He has worked closely over the last six years with Mitchell Mackersy in various equity raises for syndicated commercial investments. 

A director of Otago Realty (NZ) Ltd (a member of Colliers Group), operating throughout the Otago and Southland regions, Alastair has also held various directorships in other property related entities including Maori Hill Property Ltd which now has in excess of $1 billion under management around New Zealand. He is a Fellow Member of the Real Estate Institute of New Zealand (REINZ) and a former Fellow Member of the New Zealand Institute of Valuers. Also a past chair and board member of Downtown Queenstown, which helped in the formation of the Queenstown Town Centre Master Plan.

Outside of the office, the father of three is a keen outdoorsman, taking advantage of Queenstown’s iconic landscape.

View expert

Barry Robertson

Tourism | Development & Business Broker

Queenstown

One of Queenstown’s most experienced property professionals, Barry Robertson’s career spans more than four decades. His knowledge and insight cover a wealth of markets and economic scenarios, allowing him to deliver to clients an unrivalled understanding of market dynamics.

Based in Queenstown since 1985 and working in both valuation and brokerage, Barry specialises in tourism properties, bringing together deals ranging from motels to 200+ room hotels and golf courses. He’s brokered some of the largest commercial and tourism sales in the region through his local connections and national networks.

Joining Colliers in 2013, Barry works in combination with Steve McIsaac at the Queenstown office, brokering and consulting on tourism assets and developments across the South Island.

Barry is an Associate of the Real Estate Institute of New Zealand (REINZ), a Fellow of the New Zealand Institute of Valuers and a member of the Royal Institute of Chartered Surveyors (RICS). The family man is an enthusiastic cyclist, enjoying nothing more than exploring Queenstown’s superb tracks and trails.

View expert

Josh Coburn

Director | Capital Markets

Auckland CBD

Josh joined the Capital Markets team in 2023 after working for six years as the General Manager of the Colliers West Auckland office where they established themselves as prominent marketers of substantial West Auckland assets and delivered a number of market-leading transactions. He also established and grew a specialised Site Sales business segment dedicated to delivering well-considered residential developments, supported by comprehensive research.

Josh began with Colliers in 2003 and rapidly developed his skills to emerge as one of Colliers’ leading Brokers, facilitating hundreds of millions of dollars of property transactions. He later went on to work for a prominent construction firm where he specialised in design-built industrial developments, forging close partnerships with esteemed developers before returning to Colliers in 2015.

Since 2015, Josh has solidified his reputation as Auckland's foremost Broker for development site sales, orchestrating over $2 billion in sales across more than 150 distinctive development sites. With nine years of experience on the North Shore and six years in the Colliers West Auckland office, he has a broad geographical understanding of the Auckland property market.

In addition to his extensive involvement in Auckland's property markets, Josh's professional strengths encompass analytical, strategic, and creative thinking abilities.

In 2023, Josh was a finalist in the REINZ Individual Commercial & Industrial Salesperson of the Year award.

 

View expert

Blair Peterken

Director | Capital Markets

Auckland CBD

After more than a decade in Australia’s highly competitive commercial property sector, Blair joined Colliers International NZ as Director in the Capital Markets team in April 2017.

Specialising in the sale of larger commercial assets and mixed-use sites around New Zealand, Blair brings a high level of energy and diligence to the industry. His extensive knowledge and educational background ensures he is well-equipped in progressing and developing the Capital Markets team.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Previous Experience

From 2014 – 2017, Blair was Director and Head of JLL’s South Sydney office where under his leadership, the company  grew from third to first in the South Sydney market in both leasing and sales. In 2015 he was the company’s highest fee earner across the Australian industrial business. Blair specialised in the sale and leasing of larger industrial and commercial assets including mixed-use development sites within the South Sydney market.

Prior to this he was Head of Industrial, South Sydney at CBRE. While at CBRE, Blair won the prestigious Circle of Excellence Award twice for his performances and was highest fee writer in the South Sydney office in 2012 and 2013.

Peterken’s top transaction while in Sydney  was the 2014 sale of a 4.9ha business park in Rosebery, South Sydney to Meriton Group  for A$190,000,000

His two biggest leases were the single largest leasing transactions in South Sydney in their respective years. In 2011, he leased a Goodman-developed, 12,400sq m warehouse and office in Mascot to logistics company Toll, and last year, he leased a Meriton-owned 22,000sq m site in Pagewood to WSI Logistics.

 

A selection of notable sale transactions:

  • Sale of St Kentigern Girls School, Remuera - $40,000,000 +
  • The General  Buildings, 29-33 Shortland Street, Auckland - $42,000,000
  • 110 Symonds Street, Auckland - $38,500,000
  • 1-55 Rothschild Ave, Rosebery - $190,000,000
  • Central Park Business Park,  Greenlane - $209,000,000
  • Bunnings Hamilton South - $25,100,000
  • The Warehouse, Blenheim - $16,380,000
  • NZI Centre, Auckland - $63,000,000
  • Royal Heights Shopping Centre, Auckland - $17,000,000
  • 75 Karangahape Road, Auckland - $23,300,000
  • 5 Nelson Street, Auckland - $9,000,000
  • 66-80 Broadway, Newmarket - $65,000,000

 

View expert