Peninsula Road, Kelvin Heights, Otago

This is a unique offering and a fantastic opportunity to secure a home and income situated on a large 1293sqm section in highly sought after Kelvin Heights. Panoramic lake and mountain views with some of the best north facing sun hours in the Wakatipu basin make this suburb one of the most popular places to live, holiday in and invest.

The clever configuration of this home allows you to live in and support your mortgage with extra income or purchase as an investment or holiday home in this blue chip suburb.

Located at the beginning of the Peninsula for easy access to Frankton shopping areas, school and amenities, this home is cleverly configured as two separate apartments on each floor. Each floor has its own entrance and is self contained with plenty of off street parking and garaging.

The upper floor is a two bedroom unit with one full bathroom plus an ensuite.  A well equipped kitchen facing the garden, a stand-alone wood burner and a heat pump to keep you cosy in winter and plenty of outdoor entertaining areas in summer elevated over the stunning lake and mountain views. Currently, the upstairs apartment is attracting short term visitors rental with proven good reviews.

The lower floor is also a two bedroom apartment with one full bathroom, an open plan kitchen, and a stand-alone wood burner and also enjoys lovely lake views and is well presented to either live in comfortably or rent out.

The large, landscaped section offers the avid gardener plenty of space with veggie gardens and multiple outbuildings for storage plus plenty of land for outdoor entertaining and further future development.

With multiple options for rental and development, astute purchasers need to enquire now!

Set Date of Sale 12pm, Thursday 10 October 2024 (unless sold prior).