Australian buyers are among those lining up to bid on Friday for a parcel of prime Queenstown commercial property worth an estimated $56 million.
Locations Realty manager Henk Hoogvliet said it was the largest chunk of blue-chip real estate to go on the Queenstown market in the past 15 years.
The eightproperties are owned by a group of eight financial investors from Singapore and Malaysia.
Australian interest had come mainly from Perth, Brisbane, Sydney and Melbourne.
There had also been some serious national and local interest with a few keen buyers from Asia as well, he said.
The eight properties included the Chester building, O'Connells shopping centre, the dairy corner, the Wakatipu Arcade, town pier building, Eichardts Hotel, the Eichardts development site and Thomas' Hotel.
