An exceptional opportunity to secure a premium, fully tenanted commercial investment on a high-profile corner site in the heart of the rapidly growing Three Parks precinct, Wānaka.
Positioned on the main thoroughfare of Sir Tim Wallis Drive, this modern two-level commercial building occupies a 1,051 sqm site with outstanding street presence and dual frontages to Sir Tim Wallis Drive and Umbers Street.
Constructed to a high standard in 2019, the property is fully leased to six established local and national tenants, including The Property Group Limited, providing investors with a diversified and secure income stream.
Three Parks has become Wānaka's premier commercial hub, home to major national retailers including New World, Mitre 10 MEGA, The Warehouse, Mountain Warehouse, McKenzie & Willis, Beds R Us, and Noel Leeming. With continued development and strong regional growth, this location offers outstanding long-term investment potential.
Investment highlights:
• Prime corner position on the main street within the thriving Three Parks commercial precinct.
• 1,051 sqm freehold landholding.
• Dual street access from Sir Tim Wallis Drive and Umbers Street.
• Business Mixed Use zoning, allowing a wide range of commercial activities.
• Modern, high-quality two-level commercial building completed in 2019.
• Fully tenanted by six established businesses, providing diversified rental income.
• Built-in rental growth.
• 20 on-site car parks for tenants and visitors.
• Potential for future redevelopment or value-add opportunities (subject to council approvals).
A standout commercial investment in Wānaka's fastest-growing commercial location.
Contact Geoff McElrea or Tom Jarrold to arrange an inspection or to access the online data room for further information.