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The Opportunity

This is a rare opportunity to purchase a freehold commercial property at the main entrance to Wanaka's town centre with Macpac New Zealand Limited as the tenant.

Features:

• Floor Area: 220 m²
• Land Area: 511 m²
• Fully Leased
• Approx 220sqm Building Area
• Approx 511sqm Land area
• Excellent Tenant Covenant

For Sale by Auction 4pm Thursday 13 March 2025 (unless sold prior).

Contact Geoff McElrea or Mark Simpson to arrange an inspection or to access the online data room for further information.

Highlights

Hotel and apartment asset completed in 2022

The property comprises a regular shaped 511 sqm (more or less) freehold site that has an excellent frontage to Ardmore Street. The building provides a gross floor area of approximately 220 sqm and was substantially renovated and earthquake strengthened in 2018 for the current tenant.

There is a limited supply of Wanaka Town Centre land and this presents an excellent opportunity to be part of Wanaka's rapid growth.

Investment Highlights:

• Prime location

• Leased to Macpac New Zealand Limited an established national outdoor retailer

• Future redevelopment potential

• Excellent frontage to Ardmore Street of 16.9 metres

• Regular shaped 511sqm (more or less) freehold land holding

• Building area approximately 220sqm gross

• Rent $94,000 plus outgoings and GST per annum