This is an outstanding opportunity to purchase a significant 2,294 sqm (more or less) Business Mixed Use property with an established anchor tenant.
The property comprises a large 2,294m2 freehold site that has a purpose built fitness centre located upon it constructed circa 2000. The property is primarily leased to NRG gym that has multiple operations in the Lower South Island plus there are various other tenants in the health/wellness sector.
The Business Mixed Use Zone allows and encourages multiple activities including commercial, business, retail and residential uses, with the ability to develop to a height of 12m as a permitted activity. The current building covers approximately 22% of the site allowing plenty of scope to develop the site further up to a maximum permitted site coverage of 75%.
Investment Highlights:
• Prime location within close proximity to Wanaka's Town Centre
• Further Development potential
• Established anchor tenant
• Business Mixed use zoning allowing a wide range of potential uses
• Large 2,294sqm freehold land holding
• Rental upside
Enquiries over $3,500,000 plus GST (if any).
Contact Geoff McElrea or Dean Collins to arrange an inspection or to access the online data room for further information.
