26 Matai Road, Wānaka, Wānaka

Develop, renovate, or solid rental income

This property delivers three great options in the sought-after location of 'old Wanaka', giving you the convenience of strolling to local schools, parks, and popular bays. And Wanaka's town centre is only a four-minute (approx) drive away.
Develop: One of the standout features of this property is the potential for subdivision. With a generous 1,113sqm (approx) section, there is plenty of room for further development to maximise the views and space.
Renovate: Having two kitchens and three bathrooms across this 180 sqm (approx) home means that you could still be renting or living in the property while renovations are underway.
Solid rental income: This property has a proven history of rental returns and occupancy. The layout has been cleverly adapted to maximise the rental yield and has provided a reliable income stream for the vendors over the past 10-plus years. Rental appraisals for this property are above $1,000 per week, after the property manager's fee. Averaging a monthly income of $3,950 from the last 12 months. One portion of the home has its own self-contained unit, while the remainder comprises four bedrooms and two bathrooms.
With its rental return, stunning views, and potential for further development, this property is a wise investment for those looking to secure their future. Call Woodrow Ross 027 527 9690 for more information or to arrange a viewing.