Kerikeri is growing rapidly, and this is your chance to be in early on the changes happening in the CBD. Zoned commercial this property has two dwellings which historically have been as residential rentals. The property truly has multiple development potential.
Under the proposed district plan the new mixed-use rules will apply allowing a combined commercial/residential development to occur. Vehicle access is easy with the roundabout on Kerikeri Road, and everything is only a short walk around town. Plenty of on and off-site parking is available.
Front building is a 3 bedroom, 2 bathroom single level brick house with coloursteel roof and a single internal garage. The house layout will lend itself to being remodelled into professional offices. This building is currently vacant and is around 150sqm.
The second building is a two storey 80sqm with 1 bedroom and bathroom upstairs and lounge, kitchen and laundry with a second toilet downstairs. This is currently rented at $360/week with a market appraisal of up to $450/week. Current tenants would be happy to carry on, or the property can be settled with vacant possession. This building also could be used as office space or another commercial application.
Alternatively, you could clear the site and use the full 809sqm to erect a purpose built retail/office/commercial building.
The vendor has not claimed for GST so a bonus for a commercial purchaser is you may be able to claim back the GST input on the purchase price.
Looking for offers over $1,475,000.
For more information on the property and to view contact me now.