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October, 2021

A prominent property overlooking Queenstowns CBD has sold to a local
buyer for $3.1 million plus GST.
The two-level character dwelling at 10 Man Street recently served as
the police station for the first two series of locally-shot TV crime
thriller, One Lane Bridge.
Earlier, it housed a language school for many years.
The Auckland-based vendor had owned the property since the mid-90s
but decided to sell due to a change in circumstance.
The sale was brokered by local New Zealand Sothebys International
Realty agents Dave Fea and Mel Rogers.
Their sales pitch emphasised the 339 square metre sites prime location,
between the Brecon St steps and the Man St Carpark, just down from
the Skyline gondola, as well as its valuable town centre zoning, and
therefore redevelopment potential.
However, Dave Fea says the new buyers intending at this stage to retain
the building, which is thought to date back to the early 60s.
Meantime, a Queenstown CBD property at Beetham St, bordering the
site of a planned new civic and cultural centre, sold under the hammer
on Thursday for $3,225,000, almost $1m more than its rateable value.
Going, going, gone: This Beetham St property sold at auction for
$3.225m on Thursday
Rodney Green, one of the vendors of the six-bedder, on an 875sqm
section, says its a good result and hes looking forward to seeing
what the buyer does with the place.
Were pleased to see the place will move forward.
If wed been 30 years younger, we wouldve done it ourselves.
His late parents, George and Hannah Green, built the house for their
retirement after buying the land for $25,000 in 1972.
It had been rented out for about a decade since their deaths.
It used to border the towns public swimming pool and the former
Queenstown primary school, which later became the high school.
The property sits inside the resorts town centre boundary, so can be
developed for commercial, retail, residential or visitor accommodation
Itll eventually be bordered by two major developments: a town centre
arterial road of which construction started last week and a civic,
cultural and office complex Queenstowns council and Ngai Tahu plan to
start building in 2026.

Source: Mountain Scene


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