SOLD
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Golden Acre In Town

Central Otago & Lakes

One block up from the shops on the main street lies the most under-utilised piece of land in central Wanaka. This premium parcel, the site of the South Island's first motel, has enormous scope with the seven original motel units occupying less than 30% of the site.
• Level 4047 m2 north facing, corner site
• Potential lake views by building two storey
• Two-minute easy walk to anywhere in town
• Seven x 2-3 bedroom units with secure long term tenants yielding a good return
• A Legacy Site - Land bank/subdivide/develop

Stunning - Vibrant - Growing Fast

The Lake Wanaka area has 8,646 permanent residents of which 6,474 live in Wanaka itself. The permanent population increased by 28.5% between the 2006 and 2013 censuses.* Wanaka is on track to reach a projected permanent resident population of 12,000 by 2021.** Statistics New Zealand says the Queenstown Lakes District, of which Wanaka is a part, has the highest growth rate in New Zealand (2.2% per annum). The district is projected to grow faster than Auckland over the period 2006-2031.**

Queenstown Lakes District continues to attract a growing number of domestic and international visitors. For the year ending 2014 guest nights rose 9% and international guest nights rose 10.8%. The average length of stay increased and the overall occupancy also rose from 53.5% to 56.8%.

The sale of 69-73 Helwick Street presents you with a golden opportunity to unlock the true value of the most under-utilised piece of land in town and enhance the main street of Wanaka for yours and future generations.

Contact Catherine Pearson for more detailed information 0275 666 888

* Government Census Figures 2013
** QLDC Report 'Queenstown Lakes District Growth Projections'
Central Otago & Lakes
SOLD May 16
Investment 
$2,475,000
$14,120.00 pa
Listing ID NEX10055

For Sale

SOLD May 16

Nexus Business Sales

21E Gordon Road, First Floor
Wanaka, 9305
Alternatively complete our online Non-Disclosure Agreement (NDA) here and we will contact you with information about this opportunity.
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