Apartments for sale

The largest and newest apartment in the Lakeview Heights complex is now for sale - With 5 large lockable bedrooms, 4 double vanity bathrooms, 5 toilets, 2 large living areas, and great lake views, it is not hard to see why this apartment has the highest rental return in Wanaka, with rentals achieved of up to $695 / night.

Apartment 4, 124 Lismore St, Wanaka NZ $950,000

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Reduced by 40% for urgent sale

Previously on the market at $1,595,000. With a rental return achieved of approximately $70,000 per annum, this property is achieving a return on investment of just under 7.5%.

Due to downturn in the market, latest June 2010 valuation has been extremely conservative at $924,000 (excluding chattels, valued at $98,000 separately). Vendor reluctantly has agreed to meet the market.

Described as one of the best appointed apartment complexes in the area. With under floor heating to every room, a gas fire, 2 heat pumps, a heated antifreeze driveway, central vacuum system, wine racking, ski drying racks, home theatre wiring, satellite TV/movies to all bedrooms & an impressive range of chattels & stainless steel fittings, this property has it all.

The oak & granite kitchen opens onto a spacious deck, overlooking the lake, which soaks up the all day sun

On the lower level you have the advantage of complete shelter, sun and privacy, with every room opening out onto 135 m2 of decking, split onto 3 levels. With a second spacious lounge, plumbed for a separate kitchen, the downstairs area forms its own separate private retreat and is ideal for large families.

Just 400m from the lake, situated opposite the Park and a 7 minute walk to town, and only 300m from where Wanaka’s first 5 star hotel is planned to be located, this Apartment is in a sought after location.

There is no expensive body corporate fees, making these Apartments very cheap to run, no maximum length of stay for the owners — you can use it as you wish, when you wish.

As the Apartment is run as a business,trips to Wanaka, to check on your investment can be tax deductible. Note apartment is sold as a going concern, so no GST is chargeable.

Click below to download each of the sections for the information booklet.

Part 1 - The Current Valuation

Part 2 - Rental Information

Part 3 - FAQ

Part 4 - LIM (Part 1)

Part 5 - LIM (Part 2)

Part 6 - Floor Plans