Absolute Prime Queenstown Commercial

A rare opportunity to acquire an absolute prime commercial property in the heart of downtown Queenstown, fully leased to Australasian retail brand Platypus Shoes Limited.

Rees Street is a high foot traffic location, situated within the CBD "Golden Square", the prime retail precinct bound by Rees Street, Camp Street, Ballarat Street (The Mall) & Shotover Street. Rees Street showcases an excellent mix of international, national & local retail brands and provides one way vehicle traffic through to Queenstown Bay on the lakefront. Rees Street forms part of the Council's $55m project to enhance the streetscape of core pedestrian areas into more attractive, functional and user-friendly walkways through the CBD. This key downtown project commenced January 2021.

• Prime, high foot traffic CBD location close to Queenstown Bay lakefront
• Fully leased to Platypus Shoes Limited
• Corporate guarantee to Accent Group Limited (ASX Listed company)
• Annual rental growth of 3%
• Scarce property holding
• Freehold title

The property is offered For Sale by Deadline Private Treaty closing 4pm, Thursday 5 August 2021 NZT, (unless sold prior).

For more information please call Rory O'Donnell or Mary-Jo Hudson.