Positioned close to central Wanaka and the industrial zone, this 4,025sqm landholding offers an increasingly interesting proposition for investors looking beyond the immediate market.

The property is currently zoned Large Lot Residential A, enabling subdivision into two sections. The elevated rear portion accommodates the existing McRaeway Homes 'Gullwing 3' dwelling from The Great Bach Series, while the lower portion is flat and enjoys substantial street frontage.

The home has recently been refreshed with new paint, carpets and flooring and is currently rented at $800 per week through to June 2027, providing holding income while the site's longer-term potential is considered.

Its position is particularly compelling. 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 offers an attractive combination of lifestyle and investment appeal. With the surrounding area continuing to evolve, its location and configuration provide an interesting platform for investors considering its longer-term potential.

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