New subdivision underway at Queenstown’s Millbrook

New subdivision underway at Queenstown’s Millbrook Resort

Development of a new $2.9 million subdivision is now underway at Queenstown’s world-class Millbrook Resort.

Known as Mill Green, the nine-lot subdivision is located on a prominent knoll on the western side of the resort, overlooking the sixth fairway and green of the recently opened Coronet Nine golf course.

Millbrook Property and Development Manager Ben O’Malley said initial construction involved a ‘cut and fill’ excavation of approximately 20,000 m3 of soil, rock and trees, and building 560m2 of rock walls in and around the subdivision.

“This development is further evidence of the continuing high level of confidence Millbrook’s board has in the property market at the resort, following last week’s announcement of a five-home development at McEntyre’s Tarn,” said Mr O’Malley.

”The board gave us the ‘green light’ to start civil works for the Mill Green subdivision two weeks ago so we’re straight into the site clearance and earthworks.”

The Mill Green site currently contains two old houses and a number of trees, so pre-development of the site was essential to enable potential purchasers to fully appreciate the stunning alpine views and orientation to the sun future homes would have, Mr O’Malley said.

“The sections will be looking their absolute best by early summer and will range in size from 1,218m2 to 1,424m2.

“These sites will be for sale at a lower price point than Stage One sites as they’re smaller in area, and the majority will be selling for less than $1 million. Starting at just $650,000, they represent a tremendous opportunity for buyers to realise the Millbrook ‘dream’.”

The Mill Green development also involves the removal of dead and diseased willows around the adjacent Mill Stream and considerable planting and enhancement work along the stream bank.

This will be a continuation of the wetlands enhancement work already successfully completed by the resort, which recently helped it win Qualmark Enviro Gold status, one of only twenty hotels around New Zealand to receive this prestigious award.

Mr O’Malley said summer 2010/2011 was looking “extremely positive” for resort development, with four private homes, with an estimated value of more than $7million, currently under construction.

Millbrook also has two homes under construction at Coronet Square (worth another $2.2m) and construction of a further three homes is due to start in the next few months.

In recent months the resort has experienced steady property sales and continued enlistment of new members. A total of $10.9m of real estate has been sold at the resort in the first eight months of this calendar year.

ENDS

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