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Lifestyle Opportunity With Views and Flexibility

PGG Wrightson Real Estate Ltd (Dunedin/Mosgiel/Balclutha), (Licensed: REAA 2008)

Listed 26 Feb

58 McElwee Road, Meadowbank, Palmerston, Waitaki, Otago

Price by negotiation

Land area67.07 hectares
Property typeBare land
Capital value (CV)$1,160,000
Property interior

Lifestyle Opportunity With Views and Flexibility

67.0716ha total property. Positioned just minutes from Palmerston, this expansive lifestyle subdivision offers three well proportioned lots, each with its own title and ready for immediate takeover. With breathtaking panoramic views across the Kakanui and Horse Range mountains, flat to gently rolling contour, and multiple established improvements, this property provides an exceptional opportunity for lifestyle seekers, downsizers, equestrian buyers, and hobby farmers alike. Whether you are looking for a peaceful retirement block, a first farmlet close to town, or land with serious future potential, this subdivision delivers unmatched versatility. Power is already connected to Lots 1 and 2, with a transformer conveniently located for Lot 3. All blocks offer excellent building platforms to take advantage of the stunning rural outlook.

Lot 1 - 31.7552ha - UNDER OFFER Includes large multi purpose storage shed/wintering shed, electricity connected, sleepout, cattle yards, excellent building platform with panoramic rural views. Flat to easy rolling land ideal for stock, horses or development. Lot 1 combines productive land with quality improvements, offering a ready- made base for a lifestyle or farming operation.

Lot 2 - 20.2343ha Includes a three bedroom roughcast dwelling. Currently rented. Favourable contour for grazing or lifestyle use. Potential for a future homesite with expansive views. A fantastic option for investors, owner-occupiers, or those wanting an income while planning their future build.

Lot 3 - 15.0821ha - UNDER OFFER Includes utility sheds, two proposed future building platform options. Horse shelters/small calf sheds, easy working contour and excellent access. Nearby transformer for power connection. Lot 3 is ideal for equestrian buyers, hoppy farmers, or anyone seeking a blank canvas with improvements already in place.

Lot 1 and 3 currently under offer

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58 McElwee Road has been viewed 3,676 times since it was first listed on 26 February. There are 72 people keeping an eye on it.

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58 McElwee Road, Meadowbank, Palmerston, Waitaki, Otago

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