Queenstown Lakefront Tourism Investment
2-4, Brunswick Street, Central Otago
- Proposed Usage
- Land Area
- 1245.00 m²
- Property ID
Enquire about this property
2-4 Brunswick Street is being offered For Sale by Tender giving investors an opportunity to purchase a unique lakefront investment with redevelopment potential.
The property enjoys a prime location on the corner of Brunswick Street and Lake Esplanade on the shores of Lake Wakatipu. The position allows uninterrupted lake and mountain views including views of Queenstown’s majestic Remarkables mountain range.
The site is just a couple of minutes walk from the heart of Queenstown's bustling CBD making it a desirable asset.
The property is made up of two distinct parts:
2 Brunswick Street, originally built as a motel and later converted to backpacker accommodation, is currently leased and run as Bumbles Backpackers. Bumbles is a well established locally run backpackers providing 55 beds in a mixture of dorm, twin and double room configuration with shared bathroom, laundry and kitchen facilities. The well maintained property has been operated by the current tenants since 2005. The current lease expires on the 30th of April 2018
4 Brunswick Street is a vacant lot of 443m² with elevated lake views.
The properties are For Sale By Tender closing Friday 14th July 2017 at 4.00pm (unless sold by private treaty).
Interested parties have the ability to submit a tender on an individual property or the combined site.
Please contact Barry or Steve to discuss this opportunity or to arrange an inspection.