It is already possible to ride a significant part of the Around the Mountains Cycle Trail. One option it to ride all the way into Mavora Lakes which required an overnight camping, or the other option is a great one day cycle trip from Walter Peak to Mount Nicholas Station.
If you don't have a bike then you can hire a bike from any of the numerous cycle shops in Queenstown. Then catch the TSS Earnslaw across Lake Wakatipu to the historic working station of Walter Peak. Launched in 1912, the TSS Earnslaw is a magnificent vintage steamship believed to be the only coal-fired passenger-carrying vessel still operating in the southern hemisphere.
Start you day with a coffee and morning tea or lunch at the historic high country farm homestead or even try a farm tour.
From there it is a wonderful easy ride on a gravel back-country road along the Western Shores of Lake Wakatipu with few ups and downs all the way through to Mount Nicholas Station and beyond.
While you can fuel up at Walter Peak there is no other food or drink along the way you need to be sure that you have enough for a days riding. Please also stick to the road and do not venture onto the neighbouring farm areas. These are working high country stations.
Turn around and head back once you have ridden far enough. It is approximately 12 kilometers to Mount Nicholas Station. There is no accommodation at either Mount Nicholas Station or Walter Peak so ensure you make the return trip on the TSS Earnslaw. The Earnslaw departs from Steamers Wharf in Queenstown at 10am and 12pm and returns from Walter Peak Station at 5:30pm and 7:30pm