luxury properties for sale Otago, New Zealand

66 Marina Drive is a modern, multi-unit accommodation property, well located between Frankton and Queenstown. It is a property which presents an opportunity for any business looking to accommodate its staff, or for an astute rental investor looking for some scale. 66 Marina Drive comprises an easy to manage, concrete and steel complex of 19 accommodation units. It offers a well-balanced mix of six bed-sit studio, seven one-bedroom and six two-bedroom configurations - each with an allocated carpark. In the current accommodation market, product such as this is in high demand, with any vacancy being easily filled. 66 Marina Drive is offered to the market at an asking price point of ‘Offers over $7.5M inclusive of any GST will be considered’. An offer can be made and the property sold at any time, so your earliest enquiry is strongly recommended. The sharp asking price point reflects our ‘out of town’ seller’s change in circumstances and strong motivation to liquidate this property. This presents a compelling opportunity for prospective purchasers. The sharp asking price is substantiated by the property’s 2024 Government Valuation of $7.780M, its QV value estimate of $8.170M, it last selling in early 2022 for $7.90M, that it represents a level at, or below replacement cost, and that it provides a fair return on investment. Contact us today to understand the attributes of this attractive offering, and to view.

Discreetly nestled in the heart of the renowned Gibbston wine region, Ryecroft Cottage is a beautifully restored stone residence offering timeless character and modern convenience in equal measure. Originally constructed in the 1800’s, with extensive remodelling in early 2000’s this cottage has been thoughtfully extended to preserve its authentic appeal, schist stonework and polished timber flooring. The sympathetic design ensures the home retains its historic integrity while providing contemporary living comforts. Inside, a well-appointed open-plan kitchen and dining area serve as the heart of the home, featuring quality timber double glazing, ample storage, and efficient heating including a traditional open fireplace that enhances the cottage’s warm, inviting atmosphere. There is also electric underfloor heating throughout the concrete zones. The property comprises four bedrooms and two bathrooms, with the spacious master suite enjoying an en-suite bathroom, private office, and sitting area that opens directly onto the garden. A generous guest bedroom connects to a sheltered internal courtyard, perfect for quiet relaxation. A separate triple sized detached garage includes an attached studio, ideal for creative pursuits, a home office, or guest accommodation. The established grounds and gardens are meticulously landscaped yet easy to maintain, featuring a variety of mature fruit and nut trees, manicured lawns, and classic rose and hedge plantings. Several sheltered outdoor living areas provide the perfect setting for entertaining or unwinding in this idyllic retreat. Immaculately presented, Ryecroft Cottage offers all the romance of a bygone era, harmoniously blended with the comforts of modern living. Viewing is available by private appointment - a very rare opportunity not to be missed.