An outstanding opportunity to acquire a prominent commercial property in the heart of Wānaka's vibrant town centre.
38 Helwick Street enjoys a highly desirable CBD position surrounded by established businesses, hospitality, retail and accommodation, placing it firmly within one of Central Otago's most tightly held commercial precincts.
Situated on a 558m² (more or less) freehold site with excellent frontage to Helwick Street, the building provides a Net Lettable floor area of approximately 252m²(subject to measure), originally built in circa 1996. The underlying zone allowing much greater density and height opening up significant future redevelopment opportunities.
The property is fully tenanted with Colliers Real Estate occupying half of the building and Verve Wine and Craft Beer bar in the other half of the building.
Investment Highlights:
• Prime town centre location opposite the lakefront
• Freehold land area of 558m² (more or less)
• Contract Rent $120,096 plus outgoings and GST per annum
• Fully leased to two quality tenants splitting risk
• Excellent future redevelopment potential with the ability to increase site coverage and height
• Net Lettable area of approximately 252m² (Subject to measure)
• Regular shaped site with an effective frontage (after allowing for the right of way) of approximately 14 metres to Helwick Street
For Sale by Deadline Private Treaty, 4pm Thursday 12 November 2026 (unless sold prior).
Contact Geoff McElrea, or Tom Jarrold to arrange an inspection, or to access the online data room for further information.
