170 Arthurs Point Road, Arthurs Point, Queenstown-Lakes, Otago

This property represents a unique investment opportunity, combining current income from two established leases and exceptional potential for future development in the near future. Its high-profile location beside the historic Gantley’s Tavern and the Collective Cargo Brew Hall, with versatile zoning, and existing infrastructure make it an unparalleled offering in the thriving Arthurs Point community. The property is just 7 kilometres from Queenstown Town Centre and less than 1 kilometre from the turn off to Coronet Peak Ski Field.

The 1758 sqm site with a 30-metre street frontage is zoned High-Density Residential, allowing for diverse uses, including visitor accommodation, hospitality, and supporting commercial activities. This zoning supports a range of development options, from a comprehensive residential development or mixed-use facilities. Services are already in place, allowing for the potential subdivision of the site into four sections with council approval. The high-profile commercial location benefits from direct access to the stunning Wharehuanui bike trail to Queenstown and Arrowtown, and Hiking and Biking trails on Mt Dewar making it highly desirable for outdoor enthusiasts and is by a public bus stop.

The street frontage lease is home to the popular RĀKAU Wood Fired Pizza & Grill; an iconic eatery surrounded by established gardens.

The historic Villa that has been extensively upgraded to provide a versatile mix of commercial and residential use. It features one bedroom, with the potential to create a second, along with a tiled bathroom, separate toilet, and ornate living areas with wood paneling. The villa retains its original native timber floors, leadlight windows, and Rimu doors while benefiting from modern upgrades such as underfloor hot water heating, a gas fire, and a wood burner.

A sunny, north-facing porch offers mountain views, while a private large deck at the rear provides additional outdoor space. The villa is currently leased to a local architect.

The property includes 14 carparks. There are previous consented plans for a bar and office space.

The property includes a balance land component of approximately 720 sqm beside the Villa, presenting opportunities for future projects or a great home site.

The property has flexibility with the lease's final expiry date, and the possession date. So please do call Grant and Deborah to discuss the options to purchase or develop the site.

Explore the 3D Walk-Through Model and property video online, to appreciate the fantastic views, and full potential of this site.