Queenstown Industrial Land Offers Unique Investment Opportunity

A new opportunity has emerged in the Queenstown area for businesses and investors seeking industrial land. Located in The Yards subdivision at Victoria Flats, adjacent to Gibbston, the site offers a range of lots that present a unique investment prospect. Developer Dave Henderson, an experienced figure in the Gibbston region, is marketing these lots, which are significantly more affordable than those in Queenstown and Cromwell.

The available lots range in size from 1,393 square metres priced at $766,150 to a substantial 7,959 square metres at $3,183,600. Henderson points out that Queenstown has some of the most expensive industrial land in Australasia, prompting many businesses to relocate to Cromwell. His asking prices are considerably lower—less than a quarter of those in Queenstown’s Frankton and still cheaper than similar offerings in Cromwell.

Local agent James Valentine from Colliers, who is marketing the lots alongside colleague Alastair Wood, describes the opportunity as “amazing.” He notes that owner-occupiers are being priced out of Frankton, making this an attractive option for both them and investors looking to capitalize on Queenstown’s industrial market before prices rise.

State-of-the-Art Infrastructure

Henderson has prioritized quality and sustainability in the development of The Yards. The site features its own wastewater system, a water treatment plant, and a reservoir tank designed for firefighting. Additionally, it is equipped with a stormwater system capable of handling a 100-year rain event and extensive landscaping. Internal roads will be asphalted, enhancing accessibility.

Buyers will also benefit from high-spec fibre internet and three-phase power, essential for modern businesses. Plans are underway for a bar and café overlooking a pond, adding to the site’s appeal. Henderson emphasizes that buyers will become part of a services entity with competitive annual levies, ensuring ongoing support for the development.

The Yards is set to be developed in stages, with the first stage encompassing around 40 sites across 20 hectares. There is potential for an additional 20 to 30 sites in subsequent stages, reflecting the demand for industrial land in the region. Civil works, managed by Queenstown’s Civil Construction, are on track for completion by February 2024.

A Vision for the Future

Henderson acquired the land in 2018 as part of a larger farm and has since reimagined it for industrial use. He believes in the long-term viability of the project, stating that he has “spared no cost” in developing the infrastructure and services. Buyers will have the flexibility to construct their own buildings or opt for a design-build option, catering to a variety of business needs.

As the demand for industrial land continues to grow, The Yards offers a timely opportunity for those looking to establish a presence in one of New Zealand’s most sought-after regions. With competitive pricing and modern amenities, the lots are poised to attract both local businesses and investors eager to engage with Queenstown’s industrial landscape.