Two neighbouring properties in a prime location in Lake Hāwea near Wānaka in the South Island are available for purchase and offer buyers the opportunity to acquire assets with significant potential.
Lot 1 is located at 56 Capell Avenue and the 1,468sq m site is home to four motel units that are individually tenanted. The total floor area of the units measures approximately 210sq m.
Lot 2 sits at 60-64 Capell Avenue and has a two-storey, four-bedroom house that has 250sq m of floor area on a landholding that spans 1,567sq m more or less. The upper level of the property offers excellent views across Lake Hāwea, while there are mountain views from both sites.
The properties, which are subject to a boundary adjustment for the final measurements of the sites, can be purchased individually or together meaning there are a raft of options for buyers.
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The sites are zoned Lower Density Suburban Residential under Queenstown Lakes District Council’s Proposed District Plan but they have the benefit of a visitor accommodation subzone overlay allowing for visitor accommodation activities.
The properties are located near the expanding hospitality and retail hub of Lake Hāwea as well as being minutes from the beach, boat ramp, and a stone’s throw from the local tennis courts and bowls club.
Lake Hāwea, which is an outdoor adventurers’ paradise, is less than 20 minutes from Wānaka.
Roger Ellis and Geoff McElrea of Colliers Wānaka have been exclusively appointed to market the property for sale via tender closing at 4pm on Tuesday 3 December, unless sold prior via private treaty.
Through this offering, buyers are presented with three options.
-The first is to acquire Lot 1 and redevelop the property with three or more individually titled residences or create a boutique visitor accommodation complex.
-The second option is to purchase Lot 2 and either utilise the existing dwelling, which can sleep 10-plus people, or redevelop it.
-Thirdly, a buyer may choose to purchase both properties and create a substantial accommodation offering or multiple residential homes.
Ellis, Sales Consultant at Colliers Wānaka, says the properties offer a strategic investment or family lifestyle opportunity.
“It is rare to see two neighbouring properties of this size brought to the market in Lake Hāwea, making this a purchasing opportunity that should be seriously considered,” Ellis says.
“The location of the sites means all of the key amenities the area has to offer are right on the doorstep.”
While Wānaka is readily accessible, the tourism mecca of Queenstown is less than 90 minutes away, providing domestic and international connectivity through the airport.
This part of New Zealand remains incredibly popular among visitors from these shores and abroad due to its breathtaking scenery, outdoor pursuits, and memorable hospitality options.
McElrea, Commercial Broker at Colliers Wānaka, says when examining the potential on offer from these properties, it represents an opportunity that is not to be missed.
“Set against the backdrop of an idyllic South Island location, this is a premier development opportunity.”
- Supplied by Colliers
