38 Ballantyne Road, Wanaka, Queenstown-Lakes District

38 Ballantyne Road, Wanaka, Queenstown-Lakes District
Substantial Site. Significant Potential.

Opportunities like this don't come along often. Set on a substantial 4,025sqm site close to central Wanaka and the golf course, 38 Ballantyne Road offers an existing income stream, potential subdivision and considerable scope for the future. With an asking price of $1,930,000, the property is now priced well below its current CV of $2,380,000.

Zoned Large Lot Residential A, the property offers potential to subdivide into two sections, subject to council approval. The elevated rear portion accommodates an existing McRaeway Homes Gullwing 3, while the lower portion is flat and enjoys substantial road frontage.

For local tradespeople and business owners, the property presents an interesting opportunity to combine staff accommodation with generous space for parking work vehicles, trailers and storing equipment, subject to permitted use and council requirements. The existing home is rented at $850 per week through to June 2027, providing income while considering longer-term options.

Its proximity to Wanaka's commercial and industrial precinct also adds another dimension for the longer-term investor, with the potential for the surrounding area to make this an increasingly attractive landholding as the town grows.

Recently refreshed with new paint, carpets and flooring, this is a substantial property with options that extend well beyond the existing home.

For further information or to discuss the property's potential, contact Peter Fletcher.