Redwood Group to Launch Boutique Townhouses in Queenstown

The Redwood Group is set to commence development on a prime site in Queenstown, with plans for ten architecturally designed boutique townhouses. The company will settle on the 1,012 sqm site next month. Subject to obtaining the necessary resource consent, earthworks are expected to begin “well before Christmas” 2023.

According to Matthew Lawrence, an agent with Bayleys Queenstown, three of the townhouses have already been sold, while another three are under contract. Each unit is priced between $1.85 million and $1.95 million. The three-storey townhouses feature a floor area of 110 sqm, comprising three bedrooms, three bathrooms, a media room that could serve as an additional bedroom, and an open-plan kitchen, living, and dining area. Each townhouse also offers allocated off-street parking.

Attractive Investment for Buyers

Each unit is designed for 365-day residential visitor accommodation, making them appealing for out-of-town buyers seeking a lock-up-and-leave holiday home or an Airbnb investment. Lawrence noted that the development has attracted significant interest, particularly from buyers in Auckland. He emphasized that the unique location and stunning views contribute to its popularity.

Gapes, a representative from Redwood Group, stated, “You could quite easily live in one 12 months of the year, but I think with the location and the views, they’ll be pretty attractive as short-term visitor accommodation as well.” This flexibility caters to both permanent residents and those looking for seasonal properties.

Ongoing Developments in Queenstown

The Redwood Group has a history of successful projects in the area, including the Five Mile shopping centre in Frankton, The Alex Apartments in central Queenstown, and the Coronet Peak Alpine Villas in Arthurs Point. The company is also advancing the construction of Kawarau Villas, which will ultimately comprise 180 units at Remarkables Park.

Gapes confirmed that the first of the 39 three-bedroom, two-level units in the first stage of Kawarau Villas are nearing completion, with settlement expected next month. Approximately half of the 38 units in the second stage have already sold.

“The rental returns on them are really good, so I think they’ve been an attractive proposition for a lot of people,” Gapes remarked. This diverse mix of buyers includes local owner-occupiers, first-home buyers, and investors from both Australia and Auckland, demonstrating the broad appeal of Queenstown’s real estate market.

As development progresses, the Redwood Group aims to capitalize on the growing demand for quality housing in this sought-after region, further enhancing Queenstown’s status as a premier destination for both permanent residents and holidaymakers.