Harcourts Queenstown has been instructed to sell seven of the nine titles at the world-renowned Walter Peak Estate by mortgagee deadline sale.

Hartcourts said the high-profile property now on the market has consent from the QLDC and the Environment Court allowing for the construction of a fully integrated semi-wilderness experience estate including a lodge, manager’s cottage, guest cottages, and luxury homesteads along its 820-metre Lake Wakatipu frontage.

The potential development is currently bare and Harcourts Queenstown says they expect a large amount of interest. Previously owned by a Queenstown developer, the core development of the site has been completed, and infrastructure in place with thousands of native trees planted – a key advantage to a buyer. The buyer will have many options, including the development of a lodge, luxury homes, cottages and a manager’s residence. A key benefit of this mortgagee sale is it comprises of seven titles, giving potential buyers so many options going forward.

“Based on our expertise in high profile land sales we expect to receive global interest from developers, investors, property syndicates, hotel/ lodge operators, expats and land bankers all with a focus to deliver a wilderness experience,” says Harcourts Queenstown agent Warwick Osborne.

Osborne has prior history selling the property and says the site is prime New Zealand real estate in the area, and would be a true top-end wilderness experience with peace and quiet, yet so close to Queenstown by boat or helicopter.

“Properties like these are scarce in the world. The consent process was involved and extreme, but is now complete, so the purchaser will be able to move forward with the process.

Last for sale in 2005, the site is 38.16 hectares comprising of nine sites, with two sites not part of the mortgagee sale, however, there is the possibility to purchase those two lots. The site, adjoined by Beech Bay Road to the south, has an approximate 820 metre frontage to Lake Wakatipu on the north and is 1.5km from Beech Bay and the wharf where the TSS Earnslaw docks.