Corner of anderson & aubrey road, wanaka, central otago

Nestled in the charming Central Otago town of Wanaka, you'll discover a beautiful new development on the corner of Anderson & Aubrey Road. These stunning terraced homes are just a brief drive from Wanaka's vibrant lakefront CBD and a mere half-hour journey from the renowned Treble Cone and Cardrona Ski Fields.

Each unit within this development has been thoughtfully designed with efficiency in mind, catering to holiday-makers' needs. They boast full-sized kitchens, ample storage options and well-appointed bathrooms. The open-plan living areas seamlessly flow into expansive private courtyards, creating an idyllic space for outdoor gatherings.

All homes offer two inviting bedrooms, complemented by one and a half stylish bathrooms and a delightful private courtyard - an ideal blend for those seeking a vacation retreat or a savvy investment opportunity. On the upper level, you'll be captivated by the sweeping views of the picturesque Wanaka landscape, framed by the large picture windows of the primary bedroom.

These units have been granted for visitor accommodation, meaning they can only be occupied for a maximum of 90 days at a time. This exclusive development presents a rare prospect to secure a property in the highly sought-after resort town of Wanaka, all at an attractive and competitive price point.

Completed

Location

Located at the intersection of Anderson and Aubrey Road, this prime location is mere minutes away from Wanaka's bustling lakefront Central Business District (CBD). Wanaka offers a wealth of conveniences and indulgences, boasting an array of fine dining establishments, charming cafes, boutique shops, and a plethora of outdoor attractions that promise endless entertainment for the entire family.

• Mount Aspiring College 2.0km

• Wanaka Lakefront 2.4km

• New World 2.6km

• Puzzling World 2.7km

• Cardrona Alpine Resort 36km

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate. Please download free analysis software to complete your own analysis. Our team can help you with this, so don’t hesitate to contact us.

Investment Analysis

The corner of Anderson and Aubrey Road presents a unique opportunity to invest in Wanaka's accommodation market, offering competitively priced homes in a highly sought-after location. Wanaka is a premier resort destination in New Zealand and attracts local and international tourists all year round.

When it comes to property investment, there is typically a tradeoff between rental yield and capital growth. For instance, high-yielding properties like apartments generally experience less capital growth compared to townhouses or standalone homes, which tend to have higher growth potential but lower rental yields.

This development combines the best of both worlds. These properties are zoned for short-term accommodation with a maximum stay of 90 days. This allows investors to benefit from the lucrative returns associated with short-term rentals, especially in sought-after holiday destinations like Wanaka and the wider Queenstown Lakes region. Based on the historical performance of completed homes in this development, investors can anticipate a nightly rate of $230 and an occupancy rate of 80% per year. This translates to an expected annual revenue of $67,160 and a gross yield of 8.4%.

Notably, this opportunity not only provides a steady rental return due to the short-term rental nature of the properties but also benefits from the historically strong capital growth rates experienced in the Queenstown Lakes district and Wanaka specifically. Moreover, these homes are priced well below the median sale price in Wanaka, making them an affordable entry point for investors looking to purchase in the Wanaka property market.

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