Positioned in the heart of Queenstown’s high-growth Frankton area close to Queenstown International Airport, this is an exceptional opportunity to acquire a premium, high performing large-format retail investment anchored by a Woolworths supermarket with a diversified tenancy mix within the iconic Five Mile Retail Centre.
28–30 Grant Road offers investors an exceptional long-term growth asset in New Zealand's premier resort town.
Key Investment Highlights:
- Strong Anchor Tenants – Secure Income:
The centre is anchored by National retailers Woolworths, Rebel Sport and Briscoes, together contributing over 70% of the total gross income, ensuring a robust and stable income stream.
- Solid Income Stream with Growth:
Enjoy diversity and security of income with a number of tenants having fixed annual growth.
- Diversified & Resilient Tenant Mix:
The centre comprises a total 13 tenancies including large format & specialty retail, a childcare centre, pharmacy, hair salon and laundromat.
- Modern Construction – Built to High Standards:
Constructed in 2015, the buildings have been built to modern specifications and retail requirements. Ample on-grade and covered basement car parking is provided with good access.
An open air, inward-facing design and layout encourages foot traffic past all tenancies, with specialty retail tenancies lining the north and eastern boundary, a childcare centre with outdoor play area nestled behind, and loading bays positioned discreetly along the south-western boundary.
- Integrated Within the Five Mile Retail Complex:
The property is part of the wider Five Mile Retail Complex, a thriving commercial hub that includes the Sudima Hotel, major banks (ANZ, BNZ, ASB), and well-known national retailers such as The Warehouse, Kathmandu, and Noel Leeming.
- Strategic Growth Location:
Situated just minutes from Queenstown Airport and key arterial routes servicing the wider region, Frankton continues to be one of Queenstown’s most rapidly expanding suburbs. The centre services a wide residential catchment including Frankton, Kelvin Heights, Quail Rise, Jacks Point, Lake Hayes Estate, Hanley Farm, Arrowtown, Shotover Country, and Queenstown suburbs – all within a 5–10-minute drive.
The property is offered For Sale by International Expressions of Interest with a deadline for offers at closing 4pm Thursday 7 August 2025 (unless sold prior).
For further information or to arrange a viewing, please contact the exclusive agents below.
Mark Simpson: +64 27 490 6394 (mark.simpson@colliers.com)
Rory O’Donnell: +64 27 445 3982 (rory.odonnell@colliers.com)
Blair Peterken: +64 21 421 426 (blair.peterken@colliers.com)
Peter Herdson: +64 21 654 323 (peter.herdson@colliers.com)
