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Unclaimed

5 Wolter Crescent, Cromwell

Central Otago District

Auction

  • 450m²
  • 1,233 m²
  • Industrial

Industrial investment with upside

• 1,233sqm (more or less) freehold site with frontage • Functional industrial building comprising primarily warehouse • Three (3) year lease to an established local business • Currently returning $63,000.00 net p.a. + GST

Positioned in an excellent location in the Cromwell commercial precinct, this is an opportunity for savvy investors to purchase a tidy industrial investment with strong fundamentals. The building predominantly comprises a clear-span warehouse accessed via three (3) roller doors with ample stud height. Currently utilised for manufacturing, the building provides excellent flexibility to suit a variety of industrial uses. Additional benefits/improvements include three-phase power supply and excellent truck access via multiple entry/exit points. The property is leased on a three (3) year term, returning $63,000 net p.a.; investors will benefit from the favourable lease structure and forecasted rental upside.

The Cromwell commercial precinct continues to go from strength to strength; its strategic location has positioned Cromwell as a key commercial hub that services the wider Central Otago region. This rapid growth continues to fuel tenant demand, which all investors should consider.

To be sold via Auction (unless sold prior), at 11am, Friday the 4th December 2026, at the Sudima Hotel, 20 Grant Road, Frankton, Queenstown.

Contact the Sole Agents for further information.

William Gubb +64 21 145 6811 [email protected]

Henry Napier +62 21 024 64 785 [email protected]

Every sale and rating valuation published for this property, and when it was on the market, newest first. No sale on record yet.

Know what it sold for?
ON
29 Oct 2026
On the market
Auction
Listed for sale
Bayleys QueenstownWilliam Gubb, Henry Napier

A rating valuation is the council's figure for apportioning rates, not a market appraisal. Sale prices are as published; a code beside a price is the council's sale type — hover it for what it means. “Off the market” only means the property stopped being advertised: it may have sold, been withdrawn or moved to another agency.

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Property data

  • Land area1,235 m²
  • Property categoryUse not published
  • CouncilCentral Otago District
  • Valuation #28507-7024

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

Title and land

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  • Title number733376
  • Title typeFreehold
  • Legal descriptionLot 4 Deposited Plan 497024
Registered instrumentsChecking the register… See the title summary →

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About Cromwell

Central Otago District
4,365
Properties on the rating roll
10 Jun 2026
Last council revaluation
Buyer demand

8 people looked at properties in Cromwell this week.

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On Wolter Crescent

This side
1 Wolter Crescent3 Wolter Crescent7 Wolter Crescent13-27 Wolter Crescent
Other side
2A Wolter Crescent4 Wolter Crescent6 Wolter Crescent
All 21 properties on Wolter Crescent →
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