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Listing Description

Listed: Wed, 10 Apr

OPPORTUNITY KNOCKS!

2753 State Highway 1, Kaiwaka, Kaipara, Northland

Asking price $995,000

Details

  •   300m² Floor
  •   1533m² Land
AttributeValue
Property use
Retail
Capital value (CV)
$700,000
Parking
Shop frontage parking
Agency reference
WAR31093

Description

If you are looking for a lucrative and highly versatile investment opportunity with huge visibility, passed by 99% of all vehicles travelling North/South between Auckland and Whangarei or Dargaville, then look no further! Offering the perfect blend of commercial and residential, ideal for savvy investors seeking stable returns and long-term growth potential.

Property Overview:

Commercial Space - Current lease in place until April 2025 returning $57,200 + gst p/a plus 80% of outgoings. Highly versatile space with large commercial kitchen, ideal for a cafe/restaurant, daycare centre, petrol station or anything that requires large volumes of traffic to pass by so pretty much every business!

Residential Space - A well-appointed home, providing a very comfortable living space for owner occupiers or tenants. Huge kitchen/dining, seperate living room and spacious sunny bedrooms making it an attractive option for those seeking convenience and opportunity.

2 recently refurbished buildings stand alongside offering additional possibilities for expansion to further enhance rental income and property value.

This property will appeal to a wide range of people wanting to step out of the box and maximise its potential. Whether you're a seasoned investor or a first-time buyer, it offers the perfect combination of income stability, growth potential, and diversification.

Contact us today to schedule a viewing and make this opportunity yours.

Note: This property offers 2 components, 1 being commercial as per above, the other residential as listed here: https://raywhite.co.nz/northland/kaipara/kaiwaka/WAR31088/

Photos show both what's there now and also what it was before the current lease arrangement was in place. Current lessees will return the building to its original standard at completion.


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Agent's details

Mitch Norris

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Fiona Rouse

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Enquire about the property

Ray White Warkworth (The Locals Warkworth Limited), (Licensed: REAA 2008)

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