Freehold Investment - Buildings & Development Land

This 8306m2 property sits within the St Arnaud village, surrounded by the majestic alpine splendour of the Nelson Lakes National Park. The property comprises a coloursteel Kiwi Span shed, built in 2012 with a floor area of 1060 m2 (approx), and the balance of land has been levelled and gravelled. The shed is leased along with a portion of the land, balance of the site of 2097 m2(approx) of Commercial zoned land is available for future development plus a Rural 2 zoned portion of 1569 m2(approx).

Saint Arnaud, on State Highway 63, is centrally located in the middle of the top of the South Island, approx. 1.25 hours from both Blenheim and Nelson City, and on the main State Highway route to both Christchurch and the West Coast.

The leased shed houses the Antique and Classic Boat Museum, for which Lake Rotoiti has firmly became a mecca with the annual Antique & Classic Boat Show and all year round popularity from visiting groups and enthusiasts.

The Boat Museum building and associated land is leased for $32,000 (plus GST) pa plus share of outgoings. The remaining land gives significant scope for further development. Good opportunity exists to develop an income stream from the recently established self-contained motorhome overnight park on the gravelled surplus land. There may also be opportunity for further subdivision of the block.

The property neighbours the Clinker Cafe, a magnet for locals and the many tourists visiting the area all year round. A very popular drive from Nelson or Marlborough, the Clinker Cafe and the Antique & Classic Boat Museum have become firmly established as a destination spot, and for those on the highway as an inviting break mid journey.


With a near new, low maintenance, leased building anchoring cash flow and future opportunity for development of the spare land, in a remarkable area showing significant tourist growth, this is one investment property not to be missed. The price is $690,000 + GST (if any)