25 Ortive Street, Cromwell, Central Otago, Otago

Marketed for the first time in nearly 40 years, this opportunity is one which is sure to attract a lot of attention. Landbankers and developers will be intrigued by the potential to subdivide the freehold section and those looking to establish a foothold on the Central Otago property ladder drawn to the rental compliant home with a solid tenancy already in place.

This quaint little crib brings back memories of a simpler time. Solidly constructed in the 1950's, there is one double bedroom and a sunroom which offers additional space for a home office and a roomy lounge with log burner. There is a compact yet functional kitchen and a bathroom with separate laundry. A carport and shed outside with abundance of space for caravan, boat and vehicles completes the package.

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 - holiday home owners will see the appeal in securing themselves in a sought-after location so close to Lake Dunstan, landlords will recognise the consistent popularity of the location, and developers will find the 809m2 (more or less) section an enticing proposition.

Contact Keeley today for more information or to arrange your private viewing.