Wanaka, Ardmore St

34 Ardmore Street , Wanaka , Queenstown-Lakes District
Listed: 28 Nov | Ref: SHM315


Property Description

The Property for sale is a corner site at 34 Ardmore Street Wanaka with good street frontage and parking. Presently tenanted by Ski Connect and Amigos with leases until 2020 this affords a very good investment proposition in a town centre where commercial is very seldom available.
The site is an elevated one of 294m2 zoned commercial, affording good lake views. Whilst the Amigos building is older it was always the intention of the present owners to develop that site to match the Ski Connect building with a mirror building using the existing stair well as common central access. In any event there is still potential to further develop the site.
The old Amigos building affords single level premises (although kitchen is down two steps) elevated above the street and with stair access. Within the space is dining area, kitchen store room lobby and two toilets. It is constructed of concrete perimeter wall andconcrete pile foundations, timber frame with roughcast and weatherboard clad walls, corrugated galvanised iron roof and steel and aluminium framed windows. Fittings include kitchen benches toilet hand basin and heat pump. The gross floor area is assessed at 102m2 and the net floor area is 96m2.
The Ski Connect building is 8 years old and it is a two storey structure. It is constructed of concrete foundations and floor slab, reinforced concrete block walls, stone finish to the ground frontage and roughcast to the top floor, colour steel roof and aluminium framed windows and exterior doors. Internal linings are of plasterboard. Across the Ardmore Street frontage is a cantilevered veranda. Fittings include toilets and hand basins on both floors. The gross floor areas are assessed at 104.7m2 on the ground floor, 91m2 on the first floor and 13.7m2 of deck. The net rentable areas are 84.16 of ground floor and 80.56m2 plus 13.6m2 of deck for
the first floor and 8.6m2 of entry foyer (the balance of the building being taken up by stairs.)
There is a demolition clause in the Amigos lease for further development.

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Beds: 4 | Baths: 2 | 568 m2


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Category: Commercial
Property Type: Retail
Property Price: $1,100,000
Rateable Value: $810,000
Floor Area: 310 m2
Land Area: 294 m2
Status: For sale

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