Former tennis court sells for over $1m

Photo: Supplied
Photo: Supplied
A run-down former Queenstown tennis court has netted just over $1 million.

The McBride St court, sandwiched between Frankton lakeside reserve and Queenstown Airport, occupies a 1012sqm section.

The property has been owned for about 35 years by Trevor McLeay, of Invercargill, who formerly owned a house next door.

Its capital value is $980,000.

New Zealand Sotheby's International Realty agent Gerard Bligh said three tenders were received by the August 2 deadline.

He said the Queenstown buyer wished to remain anonymous.

The tennis court section is the second recent Queenstown example where big money has changed hands due to land value, rather than what lies on top of it.

A Brisbane St cottage in central Queenstown, which had been owned by the same family, sold at auction last month for $3 million.

-By Philip Chandler

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