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Wanaka, 19 & 21 Russell Street

Central Wanaka Blue-Chip Opportunity

Deadline Treaty 15 Mar 2018

Listing Number: WQ5124
About this listing
This downtown Wanaka land parcel in two titles, comprising a total of approximately 1611sqm, is a blue -chip investment property opportunity that should be considered.
Existing improvements include a street-front 40 bed backpacker business and a four bedroom, two-level 1940s home, with granny flat on lower level, both showing solid occupancy and good returns.
With Wanaka experiencing a rapidly growing tourism market and high rental demand, the location of this property parcel situated amongst central amenities, gives many options to maximise this asset, including further development possibilities.
The choice is yours - continue with its existing use, further develop, or clear the site and redesign from the ground up... what will you do?
Don't delay in acquiring a strong foothold within the Wanaka investment market. Call us today for further information.

Sale includes:
- 19 Russell St - 853sqm with two level home
- 21 Russell St - 758sqm with backpacker buildings
- Backpacker business (located on 21 Russell St and sold as going concern)
Price is plus gst (if any)

Deadline Treaty
Thursday 15 Mar 4:00 p.m.
Property Information
  • Business Name: Flying Kiwi Backpackers
  • Legal Name: Wanaka Backpackers Ltd
  • Business hours
    • Monday: 8am-8pm
    • Tuesday: 8am-8pm
    • Wednesday: 8am-8pm
    • Thursday: 8am-8pm
    • Friday: 8am-8pm
    • Saturday: 8am-8pm
    • Sunday: 8am-8pm
  • Property Type: Other (Backpackers), Accommodation
  • Opposition: 7 other backpackers
  • Number of staff
    • Part time: 4
    • Full time: 2
  • Licenses and permits: Certificate of Compliance Fire Certificate

Contact Details


Highland Real Estate Group Ltd

Licensed REAA 2008

17 Helwick St
Office website

Property Location

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