An exceptional opportunity to secure a substantial, fully leased freehold commercial property in the tightly held Wanaka town centre.
Positioned on a prominent double site of approximately 1,740m², the property boasts an impressive frontage of around 45.3 metres to Ardmore Street. The improvements comprise three separate buildings, constructed between the 1950s and 2006, providing a combined net lettable area of approximately 1,319m².
Currently developed to around 60% site coverage, the underlying zoning allows for significantly greater height and density, presenting strong long-term redevelopment potential.
The property has high profile to Ardmore Street that is an extension of State Highway 84 the main entrance into Wanaka from the east.
Investment Highlights:
• Prime town centre location at the main entrance into Wanaka's Town Centre
• Regular shaped freehold land area of 1740m² (more or less)
• Contract Rent $502,225 plus outgoings and GST per annum
• Fully leased to a solid mix of local and national tenants including Kiwibank
• Excellent redevelopment potential with current site cover of approximately 60% and the ability to build significantly higher.
• Net Lettable building area of approximately 1319m² plus decks
• Large frontage of approximately 45.3 metres to Ardmore Street
For Sale by Deadline Private Treaty, 4pm Thursday 30 April 2026 (unless sold prior).
Contact Geoff McElrea to arrange an inspection, or to access the online data room for further information.
