54 Reece Crescent presents a standout investment opportunity, combining commercial and residential income within a sought-after Business Mixed Zone. With established tenancies, reliable cash flow, and a strategic location close to key amenities, this property is perfectly positioned to benefit from Wānaka's ongoing expansion and strong market demand.
The property offers a regular shaped 700sqm site that adjoins a strip of reserve land plus has a good quality two level building located upon it originally built circa 2002 that caters for mixed uses with current tenants including Sanctuary Day Spa, a second hand sports store plus a three bedroom two bathroom residential apartment to the upper level.
The Business Mixed Use Zone allows and encourages multiple activities including commercial, business, retail and residential uses, with the potential to develop to a height of 12m.
Investment Highlights: • Prime location within close proximity to Wanaka's Town Centre • Regular 700 sqm site with an excellent 20m (approx) frontage to Reece Crescent • Adjoins a reserve strip • Future redevelopment potential • Leased to multiple established tenants balancing risk • Business Mixed use zoning allowing a wide range of potential uses. • Rental upside.
Contact Geoff McElrea to arrange an inspection or to access the online data room for further information.
