Real Estate Australia

Front Row Wanaka CBD Commercial
Deadline Sale

Property Location: 121 - 127 Ardmore Street Wanaka - Otago

Listing Id: 67033732  

Land

Size: 809 Square Mtr Approx

Description: This is a once in a lifetime opportunity to purchase a fully tenanted freehold commercial property opposite the lakefront in Wanaka’s tightly held town centre. Situated on a 809sqm (more or less) freehold site with excellent frontage to Ardmore Street, the building provides a Net Lettable floor area of approximately 547sqm, originally built in circa 1985, the building was earthquake strengthened in 2013 to 100% of NBS. The site coverage is circa 50% with the underlying zone allowing much greater density and height opening up significant future redevelopment opportunities. This is a truly unique offering being one of only six freehold properties that are not unit titled in this absolute prime town centre location opposite the lakefront. Investment Highlights: • Absolute prime town centre location opposite the lakefront • Freehold land area of 809sqm (more or less) • Contract Rent $344,949 plus outgoings and GST per annum • Fully leased to a solid mix of local and national tenants • Excellent redevelopment potential with current site cover of approximately 50% and is located within a height precinct • Building area of approximately 700sqm (gross) with a Net Lettable area of approximately 547sqm • Regular shaped site with a frontage of approximately 28 metres to Ardmore Street For Sale by Deadline Private Treaty, 4 pm Thursday 8 May 2025 (unless sold prior). Contact Geoff McElrea, Mark Simpson or Rory O’Donnell to arrange an inspection, or to access the online data room for further information.

Front Row Wanaka CBD Commercial
Deadline Sale

Contact Colliers Queenstown Today!!!

Contact Mark Simpson
Phone 027 490 6394

Property ID:67033732