27 Ortive Street, Cromwell, Central Otago, Otago

Marketed for the first time in 20 years, 27 Ortive Street will attract as much attention as its neighbouring counterpart at 25 Ortive Street also listed for sale. Landbankers and developers will relish in the opportunity to secure this potential packed 809m2 corner section, located a few minutes from Lake Dunstan as well as the equally attractive site next door.

Investors, first home buyers and holiday homeowners will be equally attracted to the size and scope of the property with a fully rental compliant two-bedroom home providing accommodation and the opportunity to gain income whilst long term plans are established for this prime piece of real estate.

The home has two large double bedrooms with built in wardrobes, a compact kitchen and open plan living and dining areas with a log burner. Whilst in relatively original condition, it provides all the essentials, is warm and cozy and has happily housed a tenant for the past five years.

With such a large freehold section there's obvious scope for further development, with the addition of a secondary dwelling or a full subdivision project both on the cards - subject to appropriate consents, of course. The area is superb, a true Old Cromwell gem, with Lake Dunstan, the Heritage Precinct, parks, and schools, (not to mention the local squash club and bowls club) all within proximity.

Without question it's the scope and potential which is most attractive - first home buyers will see the appeal in establishing themselves in a sought-after location, landlords will recognise the consistent popularity of the location, and developers will find the large section and neighbouring section at 25 Ortive Street an enticing proposition.

Whether it's one or both properties that are of interest- contact me now to arrange a viewing.