INVESTMENT PROPERTY FOR SALE:

High Value Customers,

in a Tourism Hot Spot,

with proven income

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SCOTT STREET APARTMENTS

3 Scott Street, Lake Tekapo

Sale Details

Private viewings by appointment

Sale price: NZ$3 Million

Subject to GST if any

Site

Parcel Size: 600m2 section

Contour: A short slope onto a flat section

Access: Scott Street and Murray Place

Parking: 10 Off-street car parks

Other: Utility Room and Garden Shed

Landscaping: Gravel drive with a small garden

Five Apartments: Details

Floor Area: 285m2

Apartments: Four standard + One Accessible

Kitchens: Five

Bathrooms: Seven

Bedrooms: Nine

Lounges: Five

Chattels: Carpets, drapes, kitchen appliances

Furnishings: Fully furnished

Equipment: Fully-equipped kitchens

Property Files

Certificate of Title

LIM

Water Reticulation Map

Rates

Click this link to receive the property files

Council Property File (718MB zip file)

can be sent on request via WeTransfer

Building Construction

Decade Built: 1970s

Years Renovated: 2016-2018

Foundation: Concrete

Cladding: Corrugated iron, concrete block and stone

Glazing: Double-glazed aluminium

Fire Protection: Type 5 automatic fire alarm system

Roofing: Corrugated Iron

Insulation: Walls and ceilings

Heating: Central heating radiators

Hot Water: 500L cylinder

Boiler: Firebird Enviromax + 880L diesel tank

Cooling: Four apartments have heat pumps

Decks: Kwila decking with timber and iron balustrades

An Income-Generating Dynamo

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.


Disclaimer: Every effort has been made to ensure the accuracy of the information on this website. The information has been compiled from various sources including LINZ and Mackenzie District Council. Any sale is subject to the purchaser completing due diligence for all the information contained in this website.

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

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 ​2025.

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AFTER

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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