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Lake McKay Subdivision, Luggate, Wanaka

Negotiation

50.52ha

Develop or landbank opportunity

Many options here.

Either buy one Lot or choose to buy 4.

Lots 1 to 5 are back up for grabs!!

Whether you decide to live on it or develop it for future gains is up to you here. Invest in paradise and be future-proof with the option of subdividing it in the future.

Spectacular lifestyle/development opportunity only ten minutes from Wanaka

This is an exceptional property tucked away on a stunning elevated position with views of Lakes Wanaka and Hawea in a peaceful corner of paradise. Land parcels this large rarely come to the market in a location so convenient to Wanaka, Hawea, Cromwell, and Queenstown making this an optimum opportunity for investment in land and/or lifestyle.

Formerly part of the Lake McKay working station, this premium parcel of land is now up for grabs.

Whether you are a discerning buyer looking to create a truly unique family estate or an investor/developer with an eye for short to medium-term gains, you will see the tremendous opportunity and potential for development.

A combination of steep and gently rolling land has already been granted permission to subdivide into 5 blocks of premium lifestyle elevated properties each with its own approved building platform. From here you are free to create your dream home and enjoy private country living.

Located approximately just 10km from Wanaka, this amazing site which will have power and water provided to its boundary, has stunning views of both Lake Wanaka, Hawea, and the surrounding mountains. With a combined area of 50.52ha, you're spoiled for choice of location and space.

More information on infrastructure and services is available to potential buyers as part of the due diligence process. The purchase price plus GST, if any.

Additional details

Type

Lifestyle Property

Property ID

RX3553343

Listed on

11/04/2024

Updated

16/04/2024

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Time (yrs)

5 yrs

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Luggate, Wanaka

Luggate is located on State Highway 6 between Wanaka and Cromwell, near the junction with State Highway 8A, approximately 15 km from the Wanaka township, just past Wanaka Airport.Luggate provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 2010 - 2019.Residential housing stock in Luggate is made up of approximately 88% residential housing , 2% residential investment housing and 10% lifestyle properties.

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