26-28 Waikawa Road, Picton, Marlborough

A golden opportunity to secure two adjoining freehold lots on Waikawa Road, just a short walk from Picton’s waterfront, marina and the Interislander ferry terminal. The property comprises a 1920s-character homestead together with 4 motel units (each on their own title), pool and parking, all set on a well-located central site. Currently presented in original condition, the buildings offer a solid base for either restoration or reconfiguration, subject to the purchaser’s vision and any necessary consents. Two clear options for the right buyer: Restore and reinvigorate Bring the character homestead back to its former glory as a substantial private residence, boutique accommodation, or a combination of both. The 4 existing motel units provide additional flexibility for income-generating use or conversion as they are each on their own title. While the established gardens, pool and parking support a range of lifestyle or hospitality outcomes. Redevelopment potential Multiple titles in a prime walk-to-ferry location, offering scope for reconfiguration or modest intensification subject to resource consent and compliance within the applicable business 1 Zoning. Key features: • Substantial 2,042m² (more or less) landholding over six titles • 10 guest rooms in the main house, plus four self-contained units and retail premise • Separate owner's accommodation / apartment with garage • Established outdoor areas including outdoor patio and swimming pool • On site carparking • Large corner site may offer longer-term redevelopment, intensification or alternative-use • Walk to Picton waterfront and ferry terminal • 1920s-character homestead • Existing motel units, pool and parking • Sold as land and buildings (vacant possession available)