21 Russell Street, Wanaka

Whether continuing to capitalise on its proven income or exploring new possibilities, the flexibility of this site will appeal to investors, developers and land bankers alike. The Wanaka Backpackers Bothy is an established, street-front, 40 bed accommodation business showing solid occupancy and good returns. Located within the heart of downtown Wānaka, on a 758 sq m (more or less) land parcel, the property also has council consent for the use of six allocated car-parks. In addition, the adjoining 19 Russell St property comprises a separate four-bedroom dwelling with self-contained flat. Both are well-maintained and fully tenanted. The location of this property parcel amongst central amenities gives many options to maximise your asset. Zoned for high-density residential use, and further development possibilities under the incoming Urban Intensification Variation to the QLDC Proposed District Plan, this is a compelling canvas for future redevelopment or mixed-use design. Whether continuing to capitalise on its proven income or exploring new possibilities, the flexibility of this site will appeal to investors, developers and land bankers alike. The Wanaka Backpackers Bothy is an established, street-front, 40 bed accommodation business showing solid occupancy and good returns. Located within the heart of downtown Wānaka, on a 758 sq m (more or less) land parcel, the property also has council consent for the use of six allocated car-parks. In addition, the adjoining 19 Russell St property comprises a separate four-bedroom dwelling with self-contained flat. Both are well-maintained and fully tenanted. The location of this property parcel amongst central amenities gives many options to maximise your asset. Zoned for high-density residential use, and further development possibilities under the incoming Urban Intensification Variation to the QLDC Proposed District Plan, this is a compelling canvas for future redevelopment or mixed-use design. With a combined total of 1,611 sq m (more or less) freehold land, this rare, dual-title offering presents an exceptional opportunity to secure a blue-chip investment with multiple income streams and long-term upside. Whether continuing to capitalise on its proven income or exploring new possibilities, the flexibility of this site will appeal to investors, developers and land bankers alike. Busy Backpackers + Freehold Land = Solid Opportunity Don't delay calling us to acquire this strong foothold within the Wanaka investment market. 0800 4 ALTYS Sale includes: •19 Russell Street – 853 sq m (more or less) land with two level dwelling•21 Russell Street – 758 sq m (more or less) land with accommodation buildings and business •The Bothy Backpackers (operating as a going concern) Price: Plus GST (if any) Property Files: www.propertyfiles.co.nz/19+21RussellSt Deadline Sale: Closes 2:00 p.m. Wednesday 19 November 2025 (unless sold prior) *Boundary lines indicative only *Some images digitally enhanced...