Commissioners Bob Nixon and Tony Hill approved the Teat Family Trust's application to establish the village on its Brownston St property, following a hearing in November last year.
The consent allows for no more than 10 food trucks on the site at any one time and the hours of operation are restricted to 7.30am to 9.30pm.
Strict noise conditions were also imposed.
A 1.9m acoustic fence is to be constructed on the boundary of the site, while a 2m impermeable fence must also be constructed between or behind each individual vendor.
In his decision, Mr Nixon said the development was suitable for the site, given its zoning under the Queenstown Lakes District Council's proposed district plan allowed for commercial activity, but was sensitive to the natural features of Bullock Creek and significant planting.
''We consider that an edge-of-town site such as this one, and which is a relatively low-intensity activity on a site with significant physical constraints, is appropriate in this case.
''We also believe it is important to acknowledge that a benefit of this proposal is that it will maintain public access to and along Bullock Creek, in a manner that would be preferable for public enjoyment to that which would occur if two-storey buildings were built on either side of the creek.''
Applicant Casey Teat said yesterday the trust was ''really excited'' that consent had been granted, but noted appeals could yet be lodged.
''It's not a given just quite yet; we just have to wait and see what happens there.
''If there are no appeals, we'll be looking at getting there as soon as we can, really.
''If all goes well, we'd love to be in there by winter.''
