22 Russell Street, Wanaka, Otago

You can't get much closer to downtown Wanaka than this so don't miss your opportunity to invest in a 'blue-chip' option for good long-term gains.

With two homes on a 1,012 sq m title, this superbly located property sits within the Medium Density Residential zone where rules allow one dwelling per 250 sq m (net) along with the benefit of being within the Town Centre Overlay Transition Zone allowing for commercial activity.

Currently, both dwellings are owner-occupied and the front house offers three bedrooms, office, bathrooms, open plan living, double garaging and a fully fenced backyard.

The rear home comprises two bedrooms and bathrooms on the upper level and one bedroom, bathroom and laundry on the ground floor. Sunny and spacious open plan living spreads to the private and sheltered garden, where off-street parking and a carport complete the offering.

Located in the heart of boutique shops/offices/cafes/bars and within two blocks of the lakefront, development options in this area have long been appreciated by savvy investors. Rest easy parking your money here and take advantage of potential rental income streams while you finalise your development plans.

Don't delay your enquiry to acquire this strong foothold within the Wanaka investment market.

Download property info here: https://www.propertyfiles.co.nz/property/22RussellSt

*Boundary lines indicative only