QUEENSTOWN LAKEFRONT TOURISM INVESTMENT
2-4, Brunswick Street, Town Centre, Queenstown-Lakes
Price On Application
- Proposed Usage
- Hotel & Leisure
- Floor Area
- 540.00 m²
- Land Area
- 1245.00 m²
- Property ID
2-4 Brunswick Street is being offered For Sale 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 Queenstowns 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 and is currently made up of 5 Unit Titles.
4 Brunswick Street is a vacant lot of 443sqm with elevated lake views.
Interested parties have the opportunity to purchase either individual properties or the combined site.
â¢ Stunning Waterfront Location
â¢ Minutes from Queenstown's CBD
â¢ Accommodation Complex & Vacant Site
â¢ Total Land Area 1,245sqm
â¢ Redevelopment Opportunity
Both properties are offered For Sale, asking price $7,950,000 + GST if any.
Please contact Barry or Steve to discuss this opportunity or to arrange an inspection.