Skip Ribbon Commands
Skip to main content

News Release

Auckland

New tourism lodge development in the heart of Wanaka for sale

JLL marketing 67 Brownston Street, Wanaka


 

 

Grey Lynn office unit decked out for summer/new-zealand/en-gb/news/864/grey-lynn-office-unit-decked-out-for-summerAucklandGrey Lynn office unit decked out for summer
East Tamaki gem with new five-year lease/new-zealand/en-gb/news/863/east-tamaki-gem-with-new-five-year-leaseAucklandEast Tamaki gem with new five-year lease

​​ Street View - High Res small-min.jpg

​​​​JLL is marketing a centrally located, new tourism lodge in the heart of the Wanaka commercial district.  

67 Brownston Street is a 1012sqm site in the very heart of Wanaka and is the last remaining vacant, commercial zoned land in the region. It’s current owner, B Property Group have identified a niche market for a uniquely designed tourism lodge which they are building on the site. The 33 room contemporary tourism lodge will operate under a long term lease to B Hotel Group and will include an on-site café & wine bar. 

“The site is in a fabulous location, right in the heart of the Wanaka commercial district and a one-minute walk to the lakefront,” says JLL agent John Binning. “The tourism lodge concept is fitting with the natural New Zealand experience, which is one of the key reasons why tourists flock to areas like Queenstown and Wanaka.” 

Rental from the freehold property is $660,000p.a net. with fixed increases every two years over the first 10-year term. 

The lodge will be designed as accommodation pods where extensive landscaping and high quality, kiwi-style designer pods will provide visitors with what will be a New Zealand stay which accentuates the natural elements of the Wanaka region.  The property design and layout is based on the highly popular and award winning The Atlantic, in Byron Bay, Australia, where the accommodation is made up of private luxury and open communal spaces. The difference being, the Wanaka property will come with a more Nordic and mountain feel, fitting for its location. 

Says Binning, “New Zealand is experiencing a tourism boom and the township of Wanaka is no exception. With tourists visiting in both the winter and summer months, Wanaka accommodation is always in high demand. The New Zealand Government are wanting to increase tourism numbers over the next few years, which means sites like this, with a proposal like this one that is ready to go, is a fantastic investment opportunity.” 

Hotel occupancy in Wanaka has increased by almost 20 percent to 64.7 percent over the past three years. JLL National Research Manager, Tom Barclay says, “Wanaka is increasingly appealing as a more low-key and less expensive alternative to live in, or as a holiday destination than Queenstown. Major developments are planned for Wanaka which will lead to population growth and improved amenities and services for the area.

“The Queenstown Lakes district captures 10.1 per cent of all visitor expenditure in New Zealand with the total tourism spend for the year to January 2017 being $2.557 million.” 


According to the Ministry of Business and Innovation, visitor arrivals to New Zealand are expected to grow by 5.4 per cent a year, reaching 4.5 million visitors in 2022 from 3.1 million in 2015. New airline routes and international events are expected to aid in the number of visitors arriving and the trends are showing that they are staying longer and sending more. 

Says Binning, “Wanaka is a well-established piece of the Queenstown-Lakes tourism market and is projected to experience significant growth in tourism, residents, businesses and development in the next few years. This property will draw visitors for design and concept alone.”

The Lodge would be expected to be completed by November 2017 allowing for visitors to start booking the property over the summer months.

67 Brownston Street, Wanaka is for sale by International Tender closing Friday 3rd July 2017.​