Colliers are pleased to present 5 Connell Terrace, Lot 1 for sale. A prime industrial office/warehouse, newly completed in 2024. This is a rare opportunity to acquire a quality investment property in tightly held Wānaka, supported by strong regional growth. The property is leased for six years to a national tenant with built-in annual rental growth of 2.5%.
The building comprises high-stud warehousing with additional storage, a high roller door for easy access, and a ground-floor accessible bathroom. The upper level provides an office/staffroom with a full kitchen, two separate offices, and a bathroom with shower. Features include LED lighting, carpet tiles, plus a sunny north-facing aspect with balcony.
Situated on Connell Terrace beside Ballantyne Road, the location connects Wānaka’s town centre with the thriving Three Parks precinct, anchored by national tenants such as Mitre 10 Mega, New World, and The Warehouse. With excellent transport links, a growing population, and strong tourism, this property is well placed for long-term growth.
For Sale by Auction: 2pm, Wednesday 22 October 2025 (unless sold prior). Auction venue is the Wānaka Community Hub, 34 McDougal Street, Wānaka
Contact the sole agents to request further information or to arrange a viewing.
Boundary lines are indicative only.
Features:
* Quality near new industrial office/warehouse
* Six-year lease to national tenant with 2.5% annual rental growth
* Two rights of renewal (4 years each)
* Current rental $61,500 + GST + outgoings
* Freehold land area: 205m² plus ¼ share of 285m²
* Floor area: 198m²
* High-spec fit-out with full kitchen, two bathrooms (incl. accessible & shower), LED lights, carpet tiles
* North-facing with upstairs balcony
