Turbo-Charged Income Earner

114 Stalker Road
Lower Shotover
Asking Price

$1,750,000


5 beds
3 bathrooms
5 cars
235m² Floor Area

114 Stalker Road offers a lot.

 

First you have the high quality spacious four-bedroom home (plus office) in popular and family-friendly Shotover Country.

 

Add to that a fully furnished one bedroom unit (with spa) with resource consent for 365 days per year visitor accommodation.

 

Combine these two and this property can produce a gross income of $110-$125k per annum.

 

The main home is in fantastic condition with four spacious bedrooms plus a separate office area. The master has an ensuite and walk in robe. The kitchen has impressive proportions with a 3.2m long silestone island benchtop, high quality appliances and a spacious walk-in butler’s pantry. The open plan living and dining flows outside to a private north facing deck. The double garage provides access to a huge loft space for storage. The house and flat are kept warm in winter and cool in summer with a heat pump in the living areas and a multi room ducted heat pump servicing the bedrooms. Underfloor heating for all bathrooms means no frosty toes. A very low maintenance exterior makes this the perfect investment property.

 

The attached one-bedroom unit is fully furnished and comes with a spa. Our owners are registered for GST for the visitor accommodation activity because they knew they would exceed the $60,000 per annum income threshold. The unit brought in a gross income of $63,000 in the 12 months ending July 2023.

 

114 Stalker Road also qualifies as a “new build” (CCC issued May 2023), bringing tax and financing advantages.

 

Please book a private viewing via this website, or ring Karen on 027 525 0255 or come to our open homes.

Karen Castiglione

Karen Castiglione
Lawyer/Director

Asking Price $1,050,000
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