Whether continuing to capitalise on its proven income or exploring new possibilities, the flexibility of this site will appeal to investors, developers and land bankers alike.

Located within the heart of downtown Wānaka, just moments from the lakefront, this rare dual-title offering presents an exceptional opportunity to secure a blue-chip investment with multiple income streams and long-term upside.

Comprising two adjoining freehold properties totalling approximately 1,611 sq m (more or less), the site features a four-bedroom dwelling with self-contained flat, plus an established 40-bed accommodation business, Wanaka Backpackers Bothy. Both are well-maintained, fully tenanted, and generating strong returns.

The location of this property parcel amongst central amenities gives many options to maximise your asset. Zoned for high-density residential use, and further development possibilities under the incoming Urban Intensification Variation to the QLDC Proposed District Plan, this is a compelling canvas for future redevelopment or mixed-use design.

Don't delay calling us to acquire this strong foothold within the Wanaka investment market. 0800 4 ALTYS

Sale includes:
•19 Russell Street – 853 sq m (more or less) land with two level dwelling
•21 Russell Street – 758 sq m (more or less) land with accommodation buildings and business
•The Bothy Backpackers (operating as a going concern)

Price: Plus GST (if any)
Property Files: www.propertyfiles.co.nz/19+21RussellSt
Deadline Sale: Closes 2:00 p.m. Wednesday 19 November 2025 (unless sold prior)

*Boundary lines indicative only
*Some images digitally enhanced