Listing Description
Alexandra Apartments – Prime Multi-Unit Investment
12 Bantry Street & 40 Shannon Street, Alexandra, Central Otago, Otago
Asking price $5,663,377 + GST (if any)
Details
| Attribute | Value |
|---|---|
| Property use | Hotel/Leisure |
| Capital value (CV) | $56,633 |
| Viewing instructions | View by appointment only |
| Property ID# | JGG082 |
| Agency reference | 76898 |
Description
An outstanding opportunity to acquire a fully tenanted, high-performing residential investment now transitioning to unit title ownership. Located on a high-profile corner site in central Alexandra, this well-maintained complex features 12 rental streams across 9-unit titles, including a 3-bedroom home, two 2-bedroom units, five 1-bedroom apartments, three studios, and a double garage currently tenanted.
Titles are in the final stages of issuance, supported by completed Code Compliance Certificates (CCC), Healthy Homes compliance, a proposed unit title plan, and fully prepared Body Corporate rules. Once issued, these titles will allow for immediate flexibility—offering investors the option to retain for rental income, reposition for short-stay accommodation, or sell down units individually.
All tenancies currently returning $254,852 pa, the property is ideally positioned for both passive income and long-term growth, with potential to benefit from Alexandra’s strong rental demand, lifestyle migration trends, and proximity to the Otago Central Rail Trail and Dunstan Trail.
Key Features:
Unit titles about to be issued – 9 PUs plus garage and common areas
12 income streams from a fully consented, compliant residential complex
Two freehold titles on 2,024m² (corner site opposite Pioneer Park)
Diverse mix of studio, one-, two-, and three-bedroom dwellings
Fully tenanted – $254,852 gross annual income
Short-stay, workforce, and rental demand all strong in Alexandra
Future Potential: Revert to short-term accommodation format (former motel use) or retain as long-term, fully leased residential investment or execute a staged or full sell-down of individual units.
This is a rare, ready-to-go residential investment with completed compliance, 9-unit titles about to be issued and income security—set in one of Central Otago’s most liveable and investable towns.
For further information or to arrange a viewing, please contact specialist Accommodation Business Broker Adrian Chisholm
