We really enjoyed our stay in Arrowtown.
Dave and Jessica have a delightful place, backing on to a reserve that leads down to the Arrow River. Walking trails abound, as do biking tracks. Bikes (e and regular) are available in Arrowtown.
The accommodation is finished to a high end and completed by a hot tub for exclusive use. Very useful after a long bike ride.
The town centre is a short walk away has has plenty of amenities. Queenstown needs a car although there is a bus.
Highly recommended.