60-62 Cotter Avenue, Arrowtown

Cotter Avenue is one of Arrowtown’s coveted addresses. The standard of housing and the expansive views are a couple of reasons why folks like to live along the Cotter Avenue ridge. 60-62 Cotter Avenue occupies a prominent and elevated corner position on the ridge. This provides a great sunny aspect and expansive rural and mountain views. It is the largest site in the area. 60-62 Cotter Avenue will appeal to those searching for a property with a great price tag and great potential. Currently sited on the property is a main building configured into one five bedroom flat and one two bedroom flat plus a detached two bedroom apartment and three car garaging. Purchase and landbank this versatile property while continuing to utilise it as a substantial Arrowtown residential rental investment property, or reside in one of the three flats and rent the others. Alternatively, you may prefer to demolish all buildings to develop several quality stand-alone villas, or retain the apartment and demolish the main building to build your forever home, or subdivide the site and sell one property. 60-62 Cotter Avenue is offered to the market at an asking price point of ‘Offers over $4.25M will be considered’. Such an offering is rarely presented, so to avoid disappointment, please contact Mel or Dave today.