Positioned close to central Wanaka and the golf course, this 4,025sqm property is now priced below its CV of $2,380,000, with the asking price more reflective of the underlying land value than the combined value of the land and existing dwelling. For investors and local businesses alike, it presents an opportunity worth a closer look.

Zoned Large Lot Residential A, the property offers the potential to subdivide into two sections. The elevated rear portion accommodates an existing McRaeway Homes Gullwing 3, while the lower portion is flat and benefits from substantial street frontage.

Recently refreshed with new paint, carpets and flooring, the home is rented at $800 per week through to June 2027, providing holding income for a new owner. It could also suit a local business seeking staff accommodation, with the front portion offering space to park work vehicles, trailers or equipment, subject to relevant requirements.

The location adds further appeal. Just a minute from the golf course clubhouse and conveniently positioned between Wanaka's waterfront, shops and restaurants and the newer commercial and industrial precincts, the property combines a substantial site with convenient access to town.

With its pricing, existing rental income and potential for future subdivision, this is an opportunity for buyers to consider both its immediate utility and longer-term possibilities.

For further information or to discuss the property's potential, contact Peter Fletcher.