5 Mead Avenue

Cromwell Otago

Townhouse

Currently for sale - view listing

Overview

Fairway Landing-Short-stay & holiday accommodation

Fairway Landing is a purpose-designed short-stay and holiday accommodation development located beside Cromwell's 18-hole golf course and within easy walking distance of the town centre. The site currently comprises an existing Motel and a large adjoining vacant Lot, with the development planned as a cohesive two-stage project. Stage 1 will develop the vacant land into a limited collection of architecturally designed townhouses, comprising: 5 x three-bedroom units, 14 x two-bedroom units, 4 x one-bedroom units Designed by award-winning architect Phillip Matz of Matz Architects and to be constructed by Scott Construction, these homes are specifically intended for short-stay and holiday accommodation use. The site is zoned for visitor accommodation, meaning the properties are not for permanent residential occupation. No single stay may exceed 90 days. Owners may use their property as a private holiday home or elect to place it into a professional on-site management arrangement. Where managed, rental projections and operating information are available to assist buyers in assessing suitability. Pricing guidance is available - further information via confidential discussion. Prices are plus GST (if any)