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INVESTMENT PROPERTY FOR SALE:

High Value Customers,

in a Tourism Hot Spot,

producing Immediate Income

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Scott Street Apartments offers a new proposition for investors who are tired of juggling multiple tenancies:

More of this:

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  • High value customers with no direct contact
  • Payments in advance
  • Five income streams
  • A single, low maintenance, upgraded building.
  • Management in place with existing bookings and immediate income
  • Demand-based pricing for maximum income returns
  • Relaxation

Less of this:

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  • Daily effort required by the owner
  • Tenant cashflow dramas
  • Multiple maintenance issues
  • Emergency phone calls
  • Damage repairs
  • Personal involvement in tenants’ private lives
  • Tenancy Tribunal disputes
  • Stress

Located in the high-demand tourist hot spot of Lake Tekapo

in the Mackenzie Country

FOR SALE:

Freehold Property with 5 Apartments

Scott Street Apartments is a freehold property located at 3 Scott Street, Lake Tekapo, offering five apartments as holiday accommodation or permanent rental.


The property is offered furnished and fully-equipped with property management in place and forward bookings generating immediate income.


The apartments are waiting for their new owners to continue with the holiday bookings or move in and enjoy a work-from-home-with-income lifestyle.


Fully renovated and strengthened over 2016-2018, with all new plumbing, electrical wiring, double-glazing, fire safety, central heating and wall linings with a current building warrant of fitness.


Lake Tekapo offers a stunning lifestyle for those searching for community, adventure and beauty in life.


View the holiday home website here for photos of the three apartments that are rented. The two additional apartments are owner-occupied rentals.

Tekapo Talk...

Stargazing at Lake Tekapo and the photos of the Church of the Good Shepherd are leading New Zealand attractions for international tourists.

Owner Observations

Queenstown and Wanaka are too commercialised and we love Lake Tekapo for the family atmosphere and uncrowded ski slopes.


Visitor comment, winter 2023

Direct flights from Guangzhou, China to Christchurch resumed in November 2023 with five flights per week from December


Christchurch Airport, 2023

Mackenzie District Council Long-Term Plan predicts the village population doubling in the next 30 years.

MDC Long Term Plan 2021-2031

Lake Tekapo has a shortage of good quality accommodation for domestic and international travellers and there is a chronic shortage of good quality accommodation for individuals and families looking to rent a home in the village.


Timaru Herald article, 24th February 2023

Use It Your Way

Whatever drives you: investment yields, family holidays or lifestyle options, Scott Street Apartments is a flexible, multi-purpose income-generating asset.

Investment

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Home + Income

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Holiday Homes

Ski Equipment Icon

Lake Tekapo is Special

Aoraki Mt Cook National Park

Southern Alps

Dark Sky Reserve Stargazing Tourism

Astrophotography

Church of the Good Shepherd

Three Ski Fields: Roundhill, Ohau, Mt Dobson

Scenic Glacial Lakes

World Class Salmon Fishing

Home of Jet Boating

Hot Pools

Ice Hockey

Home to the Bird of the Century

Building Features

5 Apartments

Low Maintenance Exterior and Grounds

Warm and Inviting

Code of Compliance Certificate and

current Building Warrant of Fitness

FAQs

Hi, We are Maria and Paul, the owners of Scott Street Apartments. In 2008 we turned our back on the corporate world and built a work-from-home, property-investment lifestyle for our family.

Why 3 Scott Street?

We were attracted by the four income streams with the ability to add a fifth income through an attic renovation.

Community

Stunning Lake Tekapo has a special energy which attracts people from all over the world, creating a rich, diverse and supportive community.

How?

We partnered with friends to invest in the building and all four owners are now enjoying the rewards.

Lifestyle

Work from home and enjoy the outdoors in your spare time - whatever your passion.

Opportunity

Lake Tekapo is a busy tourist town with a chronic shortage of accommodation for tourists and residents.

Before and After Renovation

Renovated over 2016-2018, the apartments are fully insulated, double-glazed, re-plumbed, re-wired and fire-walled. All renovation work has code of compliance and the current building warrant of fitness expires in April 2024.

BEFORE

AFTER

BEFORE

AFTER

BEFORE

AFTER

BEFORE

AFTER

Seize the keys to your future

Facebook Messenger

Phone/whatsapp

+64 (0) 210 557 961

Email

bookings@scottstreet.nz

Addresses

3 Scott Street, Lake Tekapo

scottstreet.nz

SCOTT STREET