Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and Editorial
Auctions

Cromwell

43 Shortcut Road, Cromwell, Central Otago

Watchlist
Share
Property files
4,754sqm Land area SQM
1,252sqm Floor area
Property files
Video

36 Bedroom accommodation facility


. 36-bedroom within nineteen (19) fully furnished residential units
. Notional long-term rental income estimated to be up to $692,000 per annum
. Total combined floor area of approximately 1,252sqm
. Long-term residential investment or workers accommodation opportunity
. Excellent corner-site location with immediate access to SH6

ALL OFFERS INVITED

This is an exceptional opportunity for investors or owner-occupiers to purchase a fully furnished, modern multi-unit residential facility with huge potential and flexibility.

Designed to provide various sizing configurations, the property is ideally suited to long-term residential accommodation with notional income estimated to be up $692,000 p.a. A full rental appraisal is available upon request.

The 19 individual units comprise a mixture of configurations; these include one-bedroom, three-bedroom and four-bedroom designs. Each unit is fully furnished, well-appointed and benefits from ample on-site parking.

There is potentially an opportunity for purchasers to add value to the site, with an additional portion of land positioned toward State Highway 6, which has a scheme plan available for additional units.

Considering the strong fundamentals of the property and huge demand for residential accommodation in the region, this is a desirable opportunity that should be considered by all investors
and owner-occupiers.

For further information, please contact:

William Gubb
64 21 145 6811
william.gubb@bayleys.co.nz

Ting Xie
+64 21 066 0860
ting.xie@bayleys.co.nz

Henry Napier
+64 21 024 64785
henry.napier@bayleys.co.nz

Key features


Floor area details

Nineteen fully furnished residential units

Multi-use

Individual titles provide a variety of options for buyers

Opportunity

Ideal opportunity for businesses requiring workers' accommodation

Location

Excellent location with immediate access to State Highway 6