New to the market is a Queenstown property boasting history and charm, a quiet but handy location and development potential.

At 17 Brisbane St, it is on a flat, sunny site that is just a few minutes’ stroll to the CBD, Gardens and lakefront.

The property is known as ‘The Stables’, as, up against the footpath, is a gable stone structure, dating back to the mid-1870s to early 1880s, that used to be horse stables for a nearby home.

A Heritage New Zealand category 2 structure, it is considered to be Queenstown’s second-oldest stone building and is presently used as a highly-rated Airbnb offering due to its visitor accommodation consent.

The balance of the 632sq m property is predominantly occupied by a three-bedroom, two-bathroom that is currently rented out long-term.

Local Dominion Real Estate agent James O’Hagan says Brisbane St is a highly sought-after location and, as a cul-de-sac, enjoys very little traffic.

Under the council’s urban intensification variation, he points out the land would be rezoned…