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The Opportunity

This is a once in a lifetime opportunity to purchase a fully tenanted freehold commercial property opposite the lakefront in Wanaka’s tightly held town centre.

This is a truly unique offering being one of only six freehold properties that are not unit titled in this absolute prime town centre location opposite the lakefront.

For Sale by Deadline Private Treaty, 4 pm Thursday 8 May 2025 (unless sold prior).

Contact Geoff McElrea, Mark Simpson or Rory O'Donnell to arrange an inspection, or to access the online data room for further information.

Highlights

809sqm (more or less) freehold site with excellent frontage to Ardmore Street

Situated on a 809sqm (more or less) freehold site with excellent frontage to Ardmore Street, the building provides a Net Lettable floor area of approximately 547sqm, originally built in circa 1985, the building was earthquake strengthened in 2013 to 100% of NBS. The site coverage is circa 50% with the underlying zone allowing much greater density and height opening up significant future redevelopment opportunities.

Investment Highlights:

• Absolute prime town centre location opposite the lakefront

• Freehold land area of 809sqm (more or less)

• Contract Rent $344,949 plus outgoings and GST per annum

• Fully leased to a solid mix of local and national tenants

• Excellent redevelopment potential with current site cover of approximately 50% and is located within a height precinct

• Building area of approximately 630sqm (gross) with a Net Lettable area of approximately 547sqm

• Regular shaped site with excellent frontage to Ardmore Street