22-05-2025
'Glorious views': Queenstown lakefront bare section sells for $6.8m
The 2673sq m site sold for nearly $7m. Photo / Supplied
The auction opened at $4m and quickly climbed.
'It opened about four and then it cranked up from there, up to about just over $6.8 [million],' Quill said.
'It slowed down toward the end, a lot of different tactics and things, it was all good.'
The property sold for $6.815m, nearly $2m above its $5m rateable value.
Forty-five bids were placed during the auction, and two rival bidders traded offers in a final showdown.
The buyer is a New Zealander with strong ties to the area, he said. Read More
'Obviously they've got a strong affinity with the area because they love it that much, you know.'
While the buyer's identity remains undisclosed, Quill said the land had been held by the same family for almost 80 years.
'They weren't going to fulfil any building dreams themselves, so that was it.'
Asked about the family's reaction to the sale, Quill said they were modest, 'low-key folk' choosing to keep a low profile.
Ben Tomsett is a Multimedia Journalist for the New Zealand Herald, based in Dunedin.
