New ownership concept in commercial property
Entry-level commercial property investors can invest in Queenstown when a new ownership concept is released to the market by commercial agencies MAC Property and Locations Realty.
Thursday, September 20th 2007, 5:35PM
by The Landlord
Earnslaw House is a proposed five-level commercial development in the centre of Queenstown, being offered for sale as commercial real estate with a flexible choice of freehold title options.The opportunity provides for the sale or lease of full or part-floor titles with the ability to support retail, offices and/or food and beverage related uses. The potential also exists to convert the top floor to a residential apartment.
MAC Property commercial consultant Mark Simpson says, “This new development offers a concept that allows purchasers and tenants’ ownership of individual floors at a more affordable price level.”
Designed by architect Michael Wyatt, the new building will be located on the north facing corner site of Stanley and Memorial Streets, opposite Queenstown’s recreation reserve.
Due for completion in December 2008, with a total floor area of 1883m2, the site looks towards Queenstown Hill and Bobs Peak.
The developers, Earnslaw House Limited, are a local Queenstown construction company.
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