Situated in an absolute blue-chip location adjacent to the historic precinct – this prime 1100m2 site is the unicorn of Oamaru’s property market.
This Tyne Street property boasts views out over the Oamaru harbour to the wide-open sea, offering any prudent investor not only development opportunity but also a generous income stream.
At the very top of the site sits 2 stand-alone 65m2 homes returning in excess of $30k pa, both comfortable and with off-street parking.
The balance of the land, 600m2 approx, would offer size and scope to build your dream home or additional housing units (subject to council approval). Alternatively, and in time, you could clear the site and build multiple homes or subdivide further keeping the 2 rentals and creating more sections for on sale (subject to council approval).
A height restriction will be added to the title before settlement in favour of the neighbouring properties, allowing for existing views to be protected.
This is a very rare opportunity to secure a slice of prime real estate in arguably Oamaru’s top locations. Expected sale range is in the $500k to $600k range.
For Sale by Deadline closing 4pm, 14th April 2026 – No prior offers.
