PHOTO: Queenstown Lakes District Council described the purchase as a rare opportunity. Photo: New Zealand Sotheby’s International Realty
Queenstown Lakes District Council has bought a multi-million dollar property featuring one of the tourist resort’s most prominent homes.
The 14.6-hectare lifestyle property at 516 Frankton-Ladies Mile Highway is under conditional contract after the Walker family put it on the market earlier this year.
The council said the key property would provide a variety of facilities for Lake Hayes and Shotover Country residents.
It boasts a rating valuation of $6.41 million and has a five bedroom 440 sq/m home, a swimming pool and more than 400 mature sweet chestnut trees.
The council, in a statement this morning, described the purchase as a rare opportunity.
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