Listing #:2027062806

Much Admired Iconic Landmark Property

Location: 40 Marsden Road, Paihia, Far North, Northland
Property use: Industrial
Floor area: 800m2
Land area: 1467m2
Price: To be sold by tender (closes on 5 Jun)
The current owners of over 35 years have decided to follow another path and with the restaurant tenant's term of lease at an end have decided this is the best time to move on.

The commercial zoning allows for a wide range of activities and also allows the property to be purchased by non-residents. The perfect property to land bank.

Currently there is the restaurant space in the colonial building in front with the owners three bedroom apartment above it and behind is a second four bedroom residence currently being used for holiday rental accommodation.

The property has its own unique category in the district plan. The height restriction could allow for a multi-level building at the rear - great for apartments. The land behind is council reserve so going high will not obstruct others.

However, the property could also be returned to its former glory and make a brilliant all residential property.

The property is being sold by Tender (if not sold prior) with Tenders closing 4.00pm, Wednesday 5th June 2019.

A comprehensive Information Pack is available on request.

www.paihiabayofislands.co.nz

Agency reference #: BOI11118
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For sale by tender
40 Marsden Road, Paihia, Far North, Northland
For sale by tender
Listed: Tue 16 Apr, 11:30 am
Chester Rendell
‘New Zealand Sotheby’s International Realty – Auckland Central, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3531220
  •  (021) 964873

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Agent's details

Chester Rendell
  •  (09) 3531220
  •  (021) 964873
‘New Zealand Sotheby’s International Realty – Auckland Central, (Licensed: REAA 2008)
(09) 3531220
Log in or register to email the agent.
Expires: Tue 13 Aug, 12:25 am
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