Looking at the management company site
http://www.monad.co.nz/resorts/Club-Pacific-Queenstown/, it's a very small timeshare of 6 one bedroom and one studio unit, and no facilities (google maps can give you a lot of info - it's just grass around it) and behind it Remarkable Resort Hotel, with the carpark right next to Club Pacific by what is shown on Google Maps. Though I will say what is shown on Google maps looks pretty quiet, maybe it was even up for redevelopment? There are a lot of work trucks around on Google maps, but there is no way of knowing how old the image is.
The other thing worth noting is it is VERY close to the airport in Frankton (Queenstown International) - it's not where the mark indicates it on the map in II. I've no idea which way the planes take off, but if they go over the lake, it looks like they'd go directly over this timeshare quite low. The glitzt resorts are on either side of the lake arms, not up near the airport.
If you're going to spend all your time exploring, it might be just ok as a base, if you're going to do any time relaxing, it might not be the best environment.