Issue 9 Summer 17/18
property guide.
Photo by Paul Roy
welcome FIRST NATIONAL WANAKA PROPERTY GUIDE Wanaka’s reputation as a premium business and lifestyle destination continues to grow with new businesses underway, new residents establishing themselves in the community and an increased number of tourists arriving on a daily basis. Wanaka continues to grow at one of the highest growth rates in NZ. Property prices have remained high as demand has outstripped supply. Over the past year, Wanaka has seen steady growth across the board and with the new Rateable Values being released in September, with an average increase of 55%, there has been much discussion about the value of properties in and around Wanaka. If you are wondering how much your property is worth, feel free to talk to one of our experienced salespeople about an appraisal.
As Wanaka prices have increased, so have Albert Town, Hawea and Luggate. First home buyers have found themselves gravitating to these outlying townships where they can find affordable properties. Over the last couple of years, Albert Town has seen a large number of new-builds, but in the coming year, Hawea has a large quantity of new sections being titled and it goes without saying that there will be a lot of new houses following on. Wishing you a merry Christmas and a happy New Year surrounded by family and loved ones.
MEET YOUR TEAM OF REAL ESTATE SPECIALISTS
LYNETTE WINSLOE
Principal/Sales Consultant
QUENTIN LANDRETH Sales Consultant
2
KELLY GOOCH
Sales Consultant
SARA SECKER
Sales Consultant
Issue 9
PHILLIP TEMPLETON Sales Consultant
JOHN FISHER
Sales Consultant
GRAEME SINCLAIR Sales Consultant
NICKI SCURR
Property Management
THE HEIGHTS WANAKA
PRIME LOCATION IN WANAKA SELLING FAST!
Please note: Bleed area is included on page
More than 80 sections already sold.
Don’t miss this opportunity to secure a site for your dream home, call me today. Premium sections available with mountain and lake views Short walk to town and the lake Priced from $385,000 Titles issued in five stages starting March 2018
GRAEME SINCLAIR
M 021 504 749 E graeme@firstnationalwanaka.com
3
Lot 51 The Heights, Aubrey Road, Wanaka
$1,695,000
Seeing is Believing Seldom do we see such a great opportunity. This is a prime development in The Heights subdivision with extensive lake and mountain views towards Mt Roy and Treble Cone ski field. Once built, this property will be Landmark Homes' next show home and they will lease it back for 18 months. The architecturally designed single level three bedroom, two bathroom home has a separate office/fourth bedroom, laundry and double garage. Schist will feature prominently in the open plan design and the deck areas will have glass balustrades so that the views are maximised. Title is not due until December 2018 so you can secure this property now with only a 10% deposit. If it is of interest phone us now for details or you may miss out.
4
2
2
Floor area 204 m2 | Land area 600 m2 | Web ID FNW01929
4
GRAEME SINCLAIR
M 021 504 749 E graemes@fnwanaka.com
··
··
··
··
QUENTIN LANDRETH
M 0273 555 399 E quentin@firstnationalwanaka.com
5
342 Camp Hill Road, Hawea Flat
$1,350,000
Base Camp New to the market this four hectare fully deer fenced and irrigated block, complete with a substantial four bedroom home, swimming pool and landscaped garden, has everything going for it. The large modern kitchen opens to the generous dining-living area then out onto the patio and swimming pool. Well established trees give the block a sense of privacy. A substantial irrigation system services the whole property making it ideal for keeping a few animals, a horse, goats or even deer. This unique property is priced to sell so call me today for a viewing.
4
3
2
Floor area 255 m2 | Land area 4.0390 ha | Web ID FNW01865
6
QUENTIN LANDRETH
M 0273 555 399 E quentin@fnwanaka.com
3/146 Anderson Road, Wanaka
$950,000 plus GST (if any)
Double Income Earner This is your opportunity to purchase a modern, well designed, immaculately presented lock up and leave, fully furnished 'two key' apartment. It can be used as one large apartment to live in as a permanent residence or you can use the upstairs three bedroom apartment and rent out the two bedroom unit on the Ground Floor. The property is fully managed by the owner and has strong forward bookings. Each apartment is self-contained and has a fully equipped kitchen, comfortable lounge and dining area. The first floor apartment has a private balcony to sit back and enjoy the excellent mountain views. On-site amenities include a pool, spa pool, tennis court and gym. This will make an excellent base for family holidays and/or long term investment.
5
3
2
Floor area 232 m2 | Web ID FNW01926
KELLY GOOCH
M 0272 472 668
E kelly@fnwanaka.com
7
Lot 122 The Heights, Aubrey Road, Wanaka
$1,100,000
Plan Your Move Now Imagine your modern three bedroom home on this flat site in Wanaka, close to the schools, walking tracks, and the lake. More than 80 sections have already been sold in this development and title for this property is not due until June 2018 so you can have some input into the design before construction starts.The home will face northwest and have excellent views of the mountains. The open plan design will feature three bedrooms, an ensuite, separate bathroom, double garage and a large deck area. Landmark Homes will do the design and build and handle all aspects of the construction. Just a 10% deposit is required to secure this opportunity, so contact us now.
3
2
2
Floor area 170 m2 | Land area 412 m2 | Web ID FNW01928
8
GRAEME SINCLAIR
M 021 504 749 E graemes@fnwanaka.com
Lot 7 Mount Barker Road, Wanaka
$935,000 plus GST (if any)
Locked and Loaded You need to stand on site to fully appreciate what this 21 hectare prime block has to offer, situated on the sought after Mt Barker Road. Mountain views can be captured in all directions changing with the season. These blocks will be sought after as Wanaka gets the squeeze put on, making them a great investment or land bank. You're just a stones' throw from the airport and a 10 minute drive to central Wanaka. Lot 7 doesn't have a building platform, power or water but give me a call for more information on getting these.
QUENTIN LANDRETH
Land area 21.8890 ha | Web ID FNW01907
M 0273 555 399 E quentin@fnwanaka.com
9
Lot 3 & Lot 4 Stevenson Road, Wanaka
Lot 3 — $995,000 plus GST (if any), Lot 4 — $1,050,000 plus GST (if any)
Riverside Retreat The Vendors want these blocks of land sold. The views are spectacular with the Clutha River on the boundary, and all this within a 10 minute drive to Wanaka. There is approval to pump water from the Clutha River to irrigate if required and the property currently has a good stand of Lucerne on it which is just two years old. There are two adjacent sites available so you have options here - a 20 hectare site or the option to purchase both to provide 40 hectares of land ideal for lifestyle or horticulture.
QUENTIN LANDRETH
Land area Lot 3 - 20.4061 ha | Lot 4 - 21.0366 ha | Web ID FNW01873 & FNW01874
10
M 0273 555 399 E quentin@firstnationalwanaka.com
39A Manuka Crescent, Wanaka
By negotiation
Cute, Affordable Central Wanaka Property Set amongst peaceful surrounds in Manuka Crescent is a very pleasantly presented single storey "pied-a-terre" property ready for your occupation. Manuka Crescent is a very desirable location in Wanaka close to schools, parks and bike trails. The property has direct road frontage and is positioned below the road on a sheltered level site with off-street parking, easy care garden and beautifully established trees. This property has a practical building style, being well designed and functional. It offers an open plan lounge, kitchen and dining area, two bedrooms, bathroom and outside veranda, barbeque area and garden shed. Constructed in the 1970's this soundly presented, neat and tidy property has new carpet and is available now.
2
1
Floor area 70 m2 | Land area 394 m2 | Web ID FNW01904
PHILLIP TEMPLETON
M 0274 712 686 E phillip@fnwanaka.com
11
7
1 20
ingts n in tec W i d h r c a Ar w A
I LET P M
T
A EL
U
D ON
18
0 E2
CO
174 Beacon Point Road, Wanaka
By negotiation
Luxury, Desirable, Close to the Lake An exciting development of three fabulous townhouses, on the lake side of the highly desirable Beacon Point Road in Wanaka. There are very few new townhouse sites available on this side of the road, so take advantage of this unique opportunity now. Completion of the build is due mid to late 2018. Designed by Coll architecture (The 2017 Supreme Award winner of the ADNZ Resene Architectural Design Awards), these impeccable townhouses will have a floor area of circa 283 sqm and exude quality and style offering sophisticated urban living and an unrivalled lifestyle choice. Permanent living in an impressive family home, retire and embrace the Wanaka Lifestyle or enjoy the holidays and additional rental returns.
4
3
1
Floor area from 283 m2 | Land area from 546 m² | Web ID FNW01931
12
PHILLIP TEMPLETON
M 0274 712 686 E phillip@firstnationalwanaka.com
21 Sapphire Spring Rise, Wanaka
Location Locked and Loaded
Auction Friday 19 January 2018 at 11:00 am (unless sold prior)
Location - check, Views - check, Easy build site - check. This section is an extra special choice, situated in the highly sought after location of Meadowstone. The open space to the northern boundary creates a private and appealing outlook with a glimpse to the lake. The site is sheltered, catches all day sun and is just an easy stroll to town, the tennis courts or down to the lake. Lock in the chance to plan your home in this prime position. Call now for further information
SARA SECKER
Land area 1021 m2 | Web ID FNW01927
M 021 216 7994
E sara@firstnationalwanaka.com
13
Lot 42 The Heights, Aubrey Road, Wanaka
$1,300,000
Lock in Lake Views Lock down the price now for this architecturally designed home to be constructed on Lot 42 The Heights, by Landmark Homes. Designed with guaranteed lake and mountain views and built to an outstanding quality and finish, this home is a modern design with three bedrooms, ensuite, separate bathroom and double garage. The island kitchen and open plan living space opens out to a large deck area to soak up the sun and views. Call me now to secure this opportunity.
3
2
2
Floor area 172 m2 | Land area 400 m2 | Web ID FNW01930
14
SARA SECKER
M 021 216 7994
E sara@firstnationalwanaka.com
792 Aubrey Road - Hikuwai, Wanaka
From $340,000
Hikuwai - Stages Four and Five Released Hikuwai is one of Wanaka's exclusive new residential developments, situated just five minutes' drive to the centre of Wanaka, close to the schools and day care centres and only fifty minutes' drive from Queenstown International Airport. Stages four and five have just been released bringing new sections to the market, ranging in size from 653 to 772 sqm. Demand is high with stages one and two sold out already and only four lots left in stage 3. Competitively priced, set on 39 hectares of flat land, in a great location, with all day sun and amazing panoramic views you would be crazy to miss this opportunity to buy one of these stunning prime sections and build your dream home. Your future lifestyle starts here - call us today. Titles due November 2018.
JOHN FISHER
Land area 615 m2 | Web ID FNW01731
M 021 327 928
E johnfisher@fnwanaka.com
15
FACTORS INFLUENCING WANAKA’S RESIDENTIAL MARKET Wanaka Median Section & Dwelling Median Section and Sale Prices and Volume Sale Dwelling Prices & Volume Dwelling median
Number of section sales
Number of dwelling sales
Total section & dwelling sales 500
900
450
800
400
700
350
600
300
500
250
400
200
300
150
200
100
100
50
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
0
Volume
Sale Price $ (thousands)
Section median 1,000
0
*The median price for dwellings and sections in 2017 is for the 10 month period from January to October 2017. The sales volume for 2017 has been annualised based on sales from January to October 2017. Information used in this graph does not include section sales in developments where Computer Freehold Register Identifiers (titles) have yet to be issued or section sales where lots have been sold directly from the developer.
++
The Wanaka property market remains very strong with
++
growth, with increases in both building consent volumes
listings across all value brackets, which is placing pressure
and total value evident. Due to the number of sections
on values. This combined with strong population growth
sold over the past 12-18 months, in particular those sold
in the Upper Clutha has created a long term rental
off plans in new subdivisions, residential construction
property shortage, particularly for good quality family accommodation. ++
Residential construction has experienced significant
demand still outstripping supply. There is a shortage of
looks set to remain strong for the foreseeable future. ++
Prime residential and lifestyle properties remain highly
A large number of sections have sold off plans over the
sought after, with many buyers lured by Wanaka’s
past 12-18 months in new residential subdivisions, many
popularity as a lifestyle destination. Buyers have recently
with titles expected to be issued throughout 2018. As demand continues, further residential sections are
been active in the circa $3m to $5m price bracket. ++
Visitor numbers have increased dramatically over the
expected to be released to the market including sites
past three years, with accommodation providers citing
in new greenfield developments however the uptake
record guest nights. Tourist related businesses, food and
of new sections is expected to slow down as more titled
beverage providers and retailers in central Wanaka
sections become available.
have also profited from the increased visitor numbers.
Jodi Todd Property Consultant | Registered Valuer T 027 229 8415 E jodi.todd@colliers.com Main +64 3 443 1433 | www.colliers.co.nz Level 1, 93 Ardmore Street | Wanaka, 9305 | New Zealand PO Box 362 | Wanaka, 9343 | New Zealand
16
RESIDENTIAL PROPERTY MARKET STATISTICS Comparison of Median House Prices
Median House Prices - Wanaka, Albert Town & Hawea Wanaka, Albert Town and Hawea January 2016 2017 2016-- October 2017 $1,600,000
$1,400,000
Median House Price (NZD)
$1,200,000
* Wanaka
$1,000,000
Albert Town Hawea $800,000
Linear (Wanaka) Linear (Albert Town) Linear (Hawea)
$600,000 *Anomaly: based on one house sale only
$400,000
$200,000
Jan Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Jul
Aug Sep Oct
Jan 2016 to October 2017
Residential Statistics - Wanaka, Albert Town & Hawea January 2017 - October 2017
Residential Homes
Wanaka
189
homes sold
65%
Wanaka
116
Residential Sections sections sold
76%
$935,000 median house price
$343,913 median section price
$207,080,713 total sales value
$49,599,155 total sales value
Albert Town Residential Homes
41 homes sold
14%
Albert Town Residential Sections
18 sections sold
12%
$725,000 median house price
$282,500 median house price
$32,057,000 total sales value
$5,593,947 total sales value
Lake Hawea Residential Homes
38
homes sold
13%
Lake Hawea Residential Sections
13
sections sold
9%
$650,000 median house price
$250,000 median section price
$25,676,000
$3,429,000
total sales value
total sales value
*Residential statistics sourced from REINZ. No rural properties included. Information based on titled properties only. Statistics exclude Luggate, Cardrona and Makarora
17
Lot 1, 49 Mount Gold Place, Wanaka
$2,500,000
An Unrivalled View An extraordinary opportunity exists to purchase one of the most significant sections remaining undeveloped in Wanaka. Situated in Mt Gold Place down a private driveway, this 3230 sqm section has the most stunning views of Lake Wanaka and the mountains beyond. It boasts a 180 degree vista from Mt Roy to Mt Gold with Treble Cone, Black Peak, Mt Fog and Mt Avalanche front and centre. Prepare to be stunned - it is simply breathtaking.
JOHN FISHER
Land area 3230 m2 | Web ID FNW01912
M 021 327 928
E johnfisher@fnwanaka.com
52 Infinity Drive, Wanaka
By negotiation
Luxurious Alpine Living Be the proud owner of this classy new property, located in the award winning Peninsula Bay area of Wanaka. Huge sliding doors open to the expansive deck area creating indoor/outdoor flow making it the ideal space for spending time with family and friends. The home covers all your needs with four bedrooms, two bathrooms, open plan kitchen, dining and living areas with spectacular mountain and lake views. The garaging is over sized with space for 4 vehicles, hobbies or a workshop area. The home is being sold fully furnished so move straight in, put your feet up and enjoy.
4
2
4
Floor area 285 m2 | Land area 808 m2 | Web ID FNW01824
20
SARA SECKER
M 021 216 7994
E sara@firstnationalwanaka.com
43A Hewson Crescent, Lake Hawea
$649,000
Sunny and Sheltered A spacious living area and a sunny aspect are features of this brand new single level home. An open plan kitchen/dining/lounge room with log fire and great indoor/outdoor flow allows for easy access onto a sunny outdoor area and lawn. An office, three good sized bedrooms, family bathroom and an ensuite off the master makes this an outstanding buy. Located in a new subdivision, the home is within easy walking/biking distance to the cafe, shops, river and Lake Hawea and is only a 15 minute drive to Lake Wanaka.
3
2
2
Floor area 143 m2 | Land area 800 m2 | Web ID FNW01823
JOHN FISHER
M 021 327 928
E johnfisher@fnwanaka.com
43B Hewson Crescent, Lake Hawea
$649,000
Buy Now, Thank Yourself Later This brand new modern, double-glazed family home has been built using quality fixtures and fittings. Coupled with a delightful colour scheme that is well suited to the design of the home. The lounge/dining/kitchen area is open plan with a sliding door that leads from the living area out onto a patio area. Sure to be a delight is the well-appointed kitchen which is just perfect for entertaining family and friends. There are three double bedrooms, the master having its own ensuite, plus a family bathroom and a separate office. Completing the property is a double garage.
3
2
2
Floor area 143 m2 | Land area 949 m2 | Web ID FNW01882
JOHN FISHER
M 021 327 928
E johnfisher@fnwanaka.com
21
Lot 3 & Lot 4 Schoolhouse Road, Wanaka
Lot 3 & Lot 4 $750,000 plus GST (if any) per site
The Tuscany of Bendigo The Vendor had a vision to create a New World Tuscany at Bendigo and this is one of the last two blocks available on Schoolhouse Road. This is a premium spot to build your dream lifestyle. There is so much history in the area. Bendigo goldfields are where terrific fortunes were made and today it remains richly endowed with remnants of those backbreaking, golden days. This is an outstanding block in the privileged and proven grape growing area surrounded by the who’s who in the local and international viticulture industry. Well contoured and perfectly positioned to capture the sun with water close by. There is excellent gravel road access and the view‌incredible!
QUENTIN LANDRETH
Land area Lot 3 8.054 ha | Lot 4 13.995 ha | Web ID FNW01916 & FNW01917
M 0273 555 399 E quentin@firstnationalwanaka.com
SOLD
21
6.4ha $695k
SOLD
SOLD
22
10.2ha $725k
SOLD
E3 S TAG E4 S TAG
SOLD SOLD
SOLD SOLD
SOLD
SOLD
SOLD
SOLD SOLD
SOLD SOLD
35
5.9ha $695k
Lots 21, 22 & 35 Pukerangi, Queensberry
Starting from $695,000
Step up to Another Level Pukerangi offers outstanding lifestyle blocks, with elevated views above the Clutha valley and the majestic mountains of the Southern Alps, only 12 minutes south of Wanaka and within an hours drive of Queenstown International Airport, There are a variety of sections to choose from, each with a unique character featuring natural rock landscaping, plenty of clear flat land, native trees and rolling paddocks. All the benefits of wide open space and stunning views similar to Queensberry Hills but closer to Wanaka.
JOHN FISHER
Land area Lot 21 6.4 ha | Lot 22 10.2 ha | Lot 35 5.9 ha | Web ID FNW01827
22
M 021 327 928
E johnfisher@firstnationalwanaka.com
39 Hunter Crescent, Wanaka
$1,049,000
The Hunt is Over Nestled in an established location handy to town, this home has shelter and privacy and the potential to become a six or even seven bedroom home. The living space has been refurbished with a modern island kitchen opening out to the large deck to enjoy the sunny backyard and great mountain views. With three bedrooms and an upmarket bathroom upstairs a lot of the expensive work has already been done. The two further bedrooms with bathroom and open space downstairs are ready for a buyer to work their magic. Enjoy the sheltered backyard or take the opportunity to subdivide and build on the back.
5
2
2
Floor area 226 m2 | Land area 911 m2 | Web ID FNW01924
QUENTIN LANDRETH
M 0273 555 399 E quentin@fnwanaka.com
Lot 132 Northlake, Wanaka
$375,000
Better Than The Rest! The vendor purchased this section featuring stunning mountain views more than a year ago at the time when there were lots of good sections to choose from. His situation has now changed so he is reluctantly putting his dream site on the market. The title is not due until early 2018 so you have time to plan your house build before having to pay the balance of the money. Sections of this size and quality are hard to find in Wanaka.
GRAEME SINCLAIR
Land area 540 m2 | Web ID FNW01894
M 021 504 749 E graemes@fnwanaka.com
23
Clearview Rise, Kirimoko Cres, Wanaka
From $525,000
Only The Best Location Will Do! Clearview Rise is one of Wanaka's most exciting premium subdivisions to hit the market. Its elevated west facing position captures fantastic all day sun and breathtaking mountain views which are simply some of the best New Zealand has to offer. We have sections that are over 900 sqm and they have the option to be sub-dividable with the first lot of titles expected approximately May 2018 onwards. Be quick to secure your future in this fantastic subdivision, so call now to view or receive an information sales pack. www.clearviewrise.co.nz
KELLY GOOCH
Land area 900 m2 | Web ID FNW01884
M 0272 472 668
E kelly@fnwanaka.com
Lot 343 Bull Ridge, Wanaka
$695,000
Lifestyle Choice Located in an excellent position in Bull Ridge, Peninsula Bay, Wanaka, this impressive level section is sunny, sheltered and has good site dimensions. Boasting inspiring views of the mountains including Treble Cone and Black Peak, it's the perfect section to build your dream home. Enjoy the unique Wanaka lifestyle - relax and simply take in the splendour of the sun as it gently sets over the mountains. Arguably the best quality section currently available in Peninsula Bay and within an easy walking distance to the Peninsula Bay amenities that include a gym, spa, pool and BBQ area (fees apply).
PHILLIP TEMPLETON
Land area 1120 m2 | Web ID FNW01933
24
M 0274 712 686 E phillip@fnwanaka.com
33 Puninga Lane, Queensberry
$675,000
Villa 5 Cardrona Villas, Cardrona
$495,000 plus GST (if any)
Unbeatable Views
Wow - What an Opportunity!
With gently rolling countryside in front, this 5.7 ha block has beautiful views to the north, east and west. Typical Central Otago land with stoney schist outcrops and stands of Kanuka, which compliment this attractive block. Services are in place to the boundary and await your build. This is an outstanding opportunity to own one of the last blocks available off Pukerangi Drive.
You've heard all the rumours and now is your opportunity to be part of the exciting future and phenomena known as Cardrona. Don't miss this opportunity to own a stand-alone, two bedroom villa in the heart of the Cardrona Village, the gateway to some of the best skiing in the South Island and oh so close to the Cardrona Hotel and the new general store located just across the road.
Land area 5.7370 ha | Web ID FNW01854
Floor area 93 m2 | Web ID FNW01919
JOHN FISHER
E johnfisher@fnwanaka.com
By negotiation 4
1
M 021 327 928
E johnfisher@fnwanaka.com
Alpine Haven!
2
JOHN FISHER
M 021 327 928
9 Avalanche Place, Wanaka
2
2
2
66 Infinity Drive, Wanaka
The Perfect Entertainer
$1,249,000 4
2
2
Be the one to secure this elevated, single-storey home located in award winning Peninsula Bay. This cleverly designed home has four bedrooms, the master with ensuite plus a separate family bathroom. The warm and cosy open plan lounge/dining area, well equipped kitchen and great indoor/outdoor flow makes it perfect for entertaining and will delight any budding chef.
This brand new home is well positioned to collect all day sun and capture great mountain views. The well thought out layout has four bedrooms, two bathrooms, a large open plan lounge/dining area, a modern well equipped kitchen plus a separate lounge. Take time to explore the walking and cycling tracks or relax and enjoy the community facilities, including pools, spa and gym (fees apply).
Floor area 231 m2 | Land area 963 m2 | Web ID FNW01922
Floor area 240 m2 | Land area 892 m2 | Web ID FNW01913
KELLY GOOCH
M 0272 472 668
E kelly@fnwanaka.com
KELLY GOOCH
M 0272 472 668
E kelly@fnwanaka.com
25
71 Infinity Drive, Wanaka
A Star is Born!
$1,249,000 4
2
43 Frye Crescent, Albert Town
$620,000
Small Frye
2
2
1
What a sensational opportunity to secure this fabulous brand new home. This cleverly designed home has four bedrooms, two bathrooms, an open plan lounge/dining area with a modern well equipped kitchen and a separate lounge. The large deck with its great indoor/outdoor flow makes it perfect for entertaining so you can enjoy spending time with your family and friends.
In this market of escalating prices we have a genuine doer upper. Bit like the house that Jack built, but boy, has it got potential. Anyone who has missed out in the market to date needs to come and check this out. Two bedrooms, one bathroom, tons of space outside for more development and in a great location for renting or living. The outdoor living features raised garden beds and fireplace.
Floor area 239 m2 | Land area 1010 m2 | Web ID FNW01920
Floor area 72 m2 | Land area 1121 m2 | Web ID FNW01881
KELLY GOOCH
QUENTIN LANDRETH
M 0272 472 668
M 0273 555 399 E quentin@fnwanaka.com
E kelly@fnwanaka.com
128 Lismore Street, Wanaka
Development Potential
$1,200,000 3
1
This two-storey classic kiwi bach with stunning lake and mountain views is located in a prime and highly desirable location, within easy walking distance to the township, lake front and walking and cycle tracks. This is a great elevated site with multiple opportunities. Web ID | FNW01794
Lot 2 Faulks Road, Wanaka
KELLY GOOCH | 0272 472 668
By negotiation
47 Kaituki Ridge Lane, Queensberry
Land, Views, Beautiful Home!
$1,590,000 5
3
3
Whether you are looking for something with bed and breakfast potential, a bit of farm land, or simply a gorgeous home to retire to and have the grandkids stay, there is nothing left to be done but move in!
Web ID | FNW01501
QUENTIN LANDRETH | 0273 555 399
180 Gladstone Road, Lake Hawea
By negotiation
Seclusion in Mt Barker
Lifestyle Oasis
Tucked away in the exclusive Mt Barker area of Wanaka, this breathtaking, sun-soaked section enjoys expansive, panoramic mountain views and enjoys the microclimate that only Mt Barker has to offer. Architectural drawings have been specifically designed for the site.
A unique, third generation family homestead on the market for the first time. BBQ area, veggie garden, workshops, cattle yard, storage sheds and a profitable 20 ha of planted Lucerne. This property has all round views, is close to town, school and a short drive to the lake.
Web ID | FNW01856
26
QUENTIN LANDRETH | 0273 555 399
Web ID | FNW01730
3
2
2
QUENTIN LANDRETH | 0273 555 399 SARA SECKER | 021 216 7994
Wanaka Commercial Market
Wanaka Commercial Market
Thinking about selling your business or commercial property Here at First National we are receiving a lot of enquiry from people who are looking to relocate to Wanaka to live, work and enjoy our wonderful “Wanaka Lifestyle”. If you have a business for sale or are considering selling or leasing your commercial property contact us today. We have experienced commercial salespeople ready to assist you.
P 03 443 0097 E info@firstnationalwanaka.com
REAL ESTATE
Wanaka
Wanaka commercial property traditionally has investment yields lower than commercial property located in other parts of New Zealand. This is due to commercial property being tightly held, with strong rental growth over a sustained period of time, and demand outweighing supply in terms of the availability of prime retail space. This low yield trend also exists outside of Wanaka’s CBD, albeit at slightly higher yields, but low in terms of national comparison. Wanaka is a vibrant rural town with strong growth factors and accordingly an area attractive for long term investment. In Wanaka’s CBD there have been relatively few sales in recent years. There is strong demand for investment property at all quantum levels, with the most recent sale being the old Wanaka fire station located towards the fringe of the Wanaka CBD on upper Ardmore Street. Demand is also strong for industrial properties, with very limited vacancy and rental growth evident. There are currently several buildings under construction plus some further construction is imminent within the Business Zone of the Three Parks development. There are also two new Industrial B zoned developments currently being marketed for sale off plans, comprising Ballantyne Ridge and Tussock Rise. Property markets within Wanaka remain buoyant across all market sectors, under pinned by continuing population growth, the strong construction industry and the expanding tourism market. This positive growth has led to a strong performance of supporting industries and as a result is putting pressure on property requirements, leading to increased rentals and values. Prime retail rentals for space within the CBD core remains strong with ongoing rental growth at review and renewal. There is currently no vacancy, with strong demand from tenants for prime retail space in central Wanaka. We are aware of instances where tenants wishing to enter the market have paid key money to sitting tenants to secure well located sites. Larger tenants entering the market will find a lack of larger floor plates available and with only one proposed newbuild that we are aware of within the CBD in the near future, this trend looks set to continue. Secondary retail rentals for space on the fringe of the CBD are also achieving rental increases on review and renewal albeit at a lower level in comparison to the prime CBD space. There is currently no supply with increasing demand for tenancies in secondary locations. Market rentals for good quality office space remain steady with no availability of premium office space within the Wanaka CBD at present. Commercial/light industrial space within the Anderson Heights and Ballantyne Road localities are at present generally sought after, with very limited/no vacancy. Rental increases are occurring on review and renewal and it is expected that commercial and industrial rentals will continue to increase, particularly for new leases in new build premises, in order to make these new build developments viable. Information provided by:
Jodi Todd Property Consultant | Registered Valuer P 027 229 8415 E jodi.todd@colliers.com
27
159 Ardmore Street, Wanaka
$275,000 plus GST (if any)**
Lakefront Cocktail Bar in Wanaka Gin & Raspberry cocktail bar, with its high-end and stylish fit out, is located in the heart of Wanaka's vibrant CBD and boasts spectacular views of the lake and mountains. Its large sun soaked balcony makes it the perfect place to meet, relax and take in the amazing views. Being a well managed, profitable business, it is an ideal opportunity for either a passive investor or someone wanting to own and run one of the best lakefront bars in New Zealand. Featured in Lonely Planet, Kia Ora Magazine and a finalist in the NZ Hospitality awards for the Best Cocktail Bar, this is a popular venue for special occasions such as pre-wedding functions, birthday parties, corporate events and apres-ski nights. **Price: $275,000 plus SAV plus GST (if any).
GRAEME SINCLAIR
Floor area 477.63 m2 | Web ID FNW01895
28
M 021 504 749 E graemes@fnwanaka.com
5507 State Highway 6, Makarora
$1,500,000 plus GST (if any)**
Enjoy The Growth in Tourism Makarora Country Cafe is a well set up and managed business offering efficient service to the busloads of tourists passing through on their way to the world famous Mt Aspiring National Park. The Cafe has it all; an immaculately presented gift shop, cafe and licensed bar, fuel stop, powered sites and parking for campervans plus a family home with amazing views of the mountains. Within a short walk of the Makarora River, renowned for its fly fishing and 40 minute drive from Wanaka, a rapidly expanding tourist town, the business has multiple income streams with heaps of potential to grow. A great choice for a couple or family wanting a change of scene and a good income. ** Price: $1,500,000 plus Stock and Plant at Valuation plus GST (if any).
QUENTIN LANDRETH
Floor area 600 m2 | Land area 10086 m2 | Web ID FNW01785
M 0273 555 399 E quentin@fnwanaka.com
29
5944 State Highway 6, Makarora
$2,900,000 plus GST (if any)
Tourist Centre with Huge Potential The Makarora Tourist Centre is a hidden gem tucked away just 65 kms north of Wanaka in the beautiful Central Lakes region next to the Mt Aspiring National Park. The business is operating profitably and there is huge potential to develop it further. It includes an extensive land holding, 26 chalets and cabins, two communal lodges with kitchen facilities, an outdoor swimming pool, gift shop, cafe and bar, fuel pumps for the passing traffic, accommodation for staff, manager's accommodation and a large level site including 25 powered sites for tents and caravans. This is a great business for someone wanting a more relaxed lifestyle and a wonderful long-term investment.
GRAEME SINCLAIR
Floor area 1670 m2 | Land area 7.93 ha | Web ID FNW01775
30
M 021 504 749 E graemes@fnwanaka.com
21 Reece Crescent (Basement), Wanaka
For lease by negotiation
Excellent Basement Workshop Space The basement space in this commercial property represents an excellent leasing opportunity in Wanaka's Reece Crescent business precinct. It offers good quality lockable tenancy space with a wide 'rolla' vehicle and side entry door. The space is ideally suited as a workshop, light manufacturing, distribution centre or storage of business products.
PHILLIP TEMPLETON
Floor area 144.50 m2 | Web ID FNW01921
21N Gordon Road, Wanaka
M 0274 712 686 E phillip@fnwanaka.com
$25,000 plus GST (if any)
Attention Hairdressers! A shortcut to fame and fortune has just become available for purchase! Not main street, but a Gordon Road location with good parking, a sunny aspect and a side income as well. The owner of this long established business wishes to retire and offers the business for sale as a going concern. The two chair set up has a long list of faithful clients. For the last few years it has operated on a limited basis from 8.30am mornings only, which leaves considerable opportunity for expansion of hours and increased income. The Salon is separate from the total ground floor area and has its own entrance.
PHILLIP TEMPLETON
Floor area 75 m2 | Web ID FNW01896
M 0274 712 686 E phillip@fnwanaka.com
31
want to
GROW YOUR INVESTMENT?
Call now to find out how easy it can be! Homes that are locked up and not used could be earning you money. Having your property professionally managed by First National could maximise your return. We are focused on growing your rental income and investment. With years of experience in property management, you can put your trust in Nicki. “Property Management is what I do and I do it well�
NICKI SCURR REAL ESTATE
Wanaka
M 027 443 3454
E nicki@fnwanaka.com