11 Cornwall Street, Arrowtown, Queenstown-Lakes, Otago

This is a one off opportunity for astute purchasers to secure a property in Arrowtown that offers a variety of options for future use.

Currently situated on a level 1,515sqm section is a classic Lockwood style home with four bedrooms, two bathrooms and large double garaging. However, a recently granted resource consent allows for the property to be subdivided into three separate sections allowing up to three new homes to be built onsite creating a unique opportunity for purchasers looking to get into the fast growing Arrowtown area.

With a tenancy in place until February 2025, providing immediate rental income, you have the flexibility to either re-tenant or occupy the home once the tenancy ends. This is a prime opportunity for developers to build three new homes in a desirable location or alternatively, it's an ideal scenario for extended families or groups of friends to purchase together, each building their own home or holiday retreat.

Situated in a picturesque, wide tree lined street and positioned down a right of way for enhanced privacy, the property is minutes walk to Arrowtown School, the Arrow River, and an array of walking and biking tracks. Additionally, it's just a short drive to numerous local and world class golf courses and the vibrant Arrowtown main street, offering shops, restaurants, and cafes.

Don't miss out on this extraordinary opportunity. Enquire now to secure your slice of Arrowtown's unique charm and potential.