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29 McFelin Road, Cromwell, Central Otago, Otago, 0 Bedrooms, 0 Bathrooms, Lifestyle Section

For Sale by Negotiation

29 McFelin Road, Cromwell, Central Otago, Otago

98870m2
Lifestyle SectionListed on Thu Jan 18
school zoneMost Popular

Cromwell Ultimate Ready to Build Lifestyle Opportunity

Primed and ready to build your dream in Central Otago. 29 McFelin Road is an idyllic lifestyle and vineyard property a stone's throw from Cromwell.

Comprising a total land area of 9.8870 hectares on the north-facing hillside along McFelin Road, this property offers the ability for a new owner to immediately start the building process with building and resource consents issued (including approved plans) for a new dwelling in an elevated position. In addition, the vineyard comprises 5.55 hectares of established vines which are mostly pinot noir accompanied also by pinot gris and chardonnay, offering a passive income with a lease in place to a highly regarded Central Otago wine producer.

The location, aspect and contours provide privacy and expansive north-facing views of the Pisa Range and surrounding landscape while making it an ideal location for premium grape growing.

The property is serviced by two separate water takes, each currently supplying the water storage pond on the property for irrigation. One is an established supply from a bore shared with multiple properties and the other is a take from the stream at the base of the property.

Key features include:

• 9.8870 hectares of freehold title

• Council building and resource consents for a new dwelling

• Approved house plans

• 5.55 hectares of established vines

• Multiple irrigation/water sources

• North-facing aspect and elevated views

• Vineyard lease in place giving a passive return

• Established infrastructure including power, water and frost protection on the property

This offering provides so much that encompasses the dream Central Otago vineyard lifestyle with a lot of the leg work completed for an immediate build.

For Sale by Negotiation

Location

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Council Data

Last update : 2024 12 25
Improvement value$520,000Increased by 30% from year 2019
Land value$1,060,000Increased by 92% from year 2019
CV(Year 2022 Month 10)$1,580,000Increased by 66% from year 2019
View typeNo appreciable view
ContourLevel
Land area98870m²
TitleOT141/249
Type of titleFreehold
Legal descriptionPT SEC 36 BLK III CROMWELL SD
CouncilOtago
Estate descriptionFSIM,1/1,PART SECTION 36 BLOCK III CROMWELL SURVEY DISTRICT
ConstructionExternal Walls: Unknown
Roof: Unknown
ConditionExternal Walls: Unknown
Roof: Unknown

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Goldfields School (Cromwell)
3.20 km
Primary
1-6
Government
Co-Educational
EQI: 429
8

Property history

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For developers

Unitary plan:-
Land:98870m²
Title:Freehold

McFelin Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
27 Bragato Way, Cromwell
0.17 km
3
124m2
Year 2024 Month 10 Day 30
$905,000
Council approved
2.45 km
0m2
Year 2024 Month 10 Day 12
$395,000
Council approved
2.42 km
0m2
Year 2024 Month 09 Day 09
$345,000
Council approved
5 Dotterel Lane, Cromwell
0.19 km
3
131m2
Year 2024 Month 09 Day 08
$880,000
Council approved
75 Magnum Drive, Cromwell
2.32 km
3
140m2
Year 2024 Month 08 Day 30
$925,000
Council approved

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Ref:67026961Last update:2024-12-19 10:25:55