22 Mawhitwhiti Road, Normanby, South Taranaki, Taranaki

Commercial property is the new vogue and the market is lifting.. as is the sell price of this one-in-a-million property.

The vendor’s instructions are to sell, but if not sold to review the listing price every few months, in the Upwards scale.....

Advice is: if you’re looking for a unique investment plus home contact me now…

South Taranaki HOME AND INCOME or ONE LARGE HOME or INVESTMENT; PERHAPS , A LICENSED RESTURANT with ACCOMODATION; ARTS CENTRE?

22 Mawhitiwhiti Road, Normanby, South Taranaki, Taranaki Asking Price: $950,000.00 (Serious offers will be considered)

HOME AND INCOME; with SPACE and SECURITY: She’s earning her keep and might assist with mortgage borrowing. Currently with a tenant providing a return on investment. Plus, a separate living area with the pool for the vendor, or house manager.

'Matariki' (original name of Normanby, Hawera South Taranaki).

The PERFECT abode for a savvy investor seeking a convenient, easy care and wonderfully spacious building, with excellent prospects.

Currently owned by an internationally renowned art photographer. Listing price includes new stove, cooktop, wall oven, 3 new fridges... drapes, wall fixtures, some furniture, light fittings...

MAIN BUILDING

The 3 separate (interconnected) areas include -

UPSTAIRS 4-5 bdrms/kitchen/bathroom/lounge/mountain viewing deck

DOWNSTAIRS- 1 large high ceiling lounge- dining/living - with triple sized bedroom - walk-in shower/toilet, commercial kitchen/pantry/study - sunroom extra living..

Independent downstairs two room (plus) apartment - private access/ large room/kitchenette/shower/bathroom/toilet ext access to garden/pool…

Estimated income - Tourism high season; $500-$600 per night ?

Registered rental estimation gives the return at over $2,000.00 per week.

Fully renovated: new carpets, wiring, plumbing, roof, decor, rim foundations, Heart timbers throughout. Insulated, double-triple glazing, heat pump, excellent wood-burner, fruit and native/exotic trees planted... the list goes on. Good for many a year to come.

"Commercial property used as residential home has become increasingly popular with Mum and Dad investors, offering higher returns than residential properties"

"Rethink Group chief executive Scott O'Neill said there were compelling reasons for investors to favor commercial over residential property, which had seen a cooling off in recent years. And obviously thousands of other investors are seeing the same value." He said the Property Council New Zealand's 2024 report valued the commercial property sector at $350 billion with a forecast to grow to $399.5b this year, with an annual 3.72 percent growth rate through to 2029.

EXTERIOR: An inground salt-water swimming pool set in quarter acre of grounds - lawn, garden, carport. Studio.

Upgraded to 2025 plus standards. Modern design in Maximalist style; reflecting the current international trend in home decor.

The photos of Mt Taranaki - as shown in the picture display - were taken from the upstairs window. A priceless addition to owning here.

CV 600k. Insured registered value: $2.3million (replacement). Rates approx $3000p/a. Monthly electricity costs approx $300. Gas hot-water heating - approx $300 p/a.

Close to: Shopping/amenities, hospital, beach, golf course, the outdoors. An easy drive from Wellington city.

The vendor has owned numerous high-quality properties in the past and knows about buildings and quotes 'Whoever acquires this property will be rewarded with a truly unique and excellent long-term investment, plus a ready income, should a commercial Airbnb set up be desired'.

This is a property for a person who loves 'architectural-historical time-capsules, unique-quality, spiritually uplifting vistas, artistic-vision married to practicality...

1012m² Land

440m² Floor

Asking Price: $950,000.00 (including GST)

We are inviting offers, for more information, and to discuss price and terms of an offer please contact:

Stephen Hudson 0274 746 774 REA Licensed & MREINZ

New Zealand Property Limited Licensed REAA 2008